deductible
adjective
(Australian also deductable) uk/dɪˈdʌktɪbl̩/ us/-ṱə-/relating to an amount or part that can be taken away from a total:
However, the supplementary benefit that he was receiving was deductible from the figure awarded as damages.
TAX
relating to particular costs that can be taken away from the amount of money that you have earned, before you have to pay tax on it:
Expenditure by private persons on education and training is rarely deductible for income-tax purposes.
deductible expenses
See also
tax-deductible
deductibility
noun [ U ]
The first provision in the bill calls for immediate and full deductibility of health-insurance premiums for the self-employed.
deductible
noun [ C ]
US (Australian also deductable) uk/dɪˈdʌktɪbl̩/ us/-ṱə-/an amount of money that is taken away from the money paid to an employee before it is given to them:
The increase in the deductible could eat away a worker's entire pay increase for the year.
INSURANCE ( UK excess)
a part of the cost of an accident, loss, injury, etc. that you agree to pay yourself when you buy insurance:
The company's insurance covers the cost of accidents, minus a $500 deductible, for members of all ages.