tax-deductible
adjective
Pronunciation: /tæk dɪˈdʌktəbl/
Definition
Describing an expense or donation that can be subtracted from one's taxable income, thereby reducing the amount of tax owed.
Examples
Many business expenses are tax-deductible if they are ordinary and necessary for operating the business.
Contributions to a traditional IRA are tax-deductible for most people.
The government offers tax-deductible incentives for energy-efficient home improvements.
How to Use tax-deductible
- tax-deductible expense (collocation)
- An expense that can be subtracted from taxable income. — "Home office costs can be a tax-deductible expense for freelancers."
- tax-deductible donation (collocation)
- A gift made to a qualified organization that can be subtracted from taxable income. — "The museum relies on tax-deductible donations from patrons."
- tax-deductible contribution (collocation)
- An amount given to an organization or for a purpose that can be subtracted from taxable income. — "Your contribution to the political campaign is not tax-deductible."
Synonyms of tax-deductible
Words with a similar meaning to tax-deductible:
Antonyms of tax-deductible
Words with the opposite meaning to tax-deductible:
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