Tax-deductible
[taks-di-duhk-tuh-buh l] /ˈtæks dɪˌdʌk tə bəl/
adjective
1.
noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated.
tax-deductible
adjective
1.
(of an expense, loss, etc) legally deductible from income or wealth before tax assessment
Read Also:
- Tax-deduction
noun 1. an expenditure that is deducted from taxable income. tax deduction definition An expense, such as a charitable contribution, that can be deducted from one’s taxable income. Unlike a tax shelter, a tax deduction does not necessarily take the form of an investment.
- Tax-deed
noun 1. a title deed issued by a public authority to the purchaser of property sold for the nonpayment of taxes.
- Tax-deferred
[taks-di-furd] /ˈtæks dɪˈfɜrd/ adjective 1. noting or providing income that is not taxed until a later time.
- Tax-deferred annuity
[taks-di-furd] /ˈtæks dɪˌfɜrd/ noun 1. an annuity that enables one to purchase an insurance product that will earn interest, with the tax obligation deferred until withdrawals begin, usually at retirement. Abbreviation: TDA.
- Tax disc
noun 1. a paper disc displayed on the windscreen of a motor vehicle showing that the tax due on it has been paid