deductible

[dih-duhk-tuh-buh l] /dɪˈdʌk tə bəl/
adjective
1.
capable of being deducted.
2.
allowable as a tax deduction:
Charitable contributions are deductible expenses.
noun
3.
the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment:
The deductible on our medical coverage has been raised from $50 to $100 per illness.
Origin
1855-60; deduct + -ible
Related forms
deductibility, noun
nondeductibility, noun
nondeductible, adjective, noun
undeductible, adjective
Can be confused
deducible, deductible.
Examples from the web for deductible
  • The errors have been both ways--deductible items have been omitted, and other items that are not deductible have been included.
  • Interest income is usually taxable, whereas some countries allow mortgage payments to be tax deductible.
  • The government notes that a deductible will apply for some fees, but the details remain unclear.
  • Cape related incidents will be covered under a higher deductible.
  • At that time also, interest on student loan debt was not deductible.
  • Have the entire interest payment applied to principal for a year, and make it tax deductible.
  • They provide tax breaks in return for a high deductible.
  • Withdrawal penalties are tax deductible so it's often worthwhile to pull out of the product and reinvest rather than waiting.
  • Mortgage-interest payments are partially deductible from income tax.
  • Our board members are cool people, and the meals you want to schedule with them at conferences become tax-deductible.
British Dictionary definitions for deductible

deductible

/dɪˈdʌktɪbəl/
adjective
1.
capable of being deducted
2.
(US & Canadian) short for tax-deductible
noun
3.
(insurance, US & Canadian) a specified contribution towards the cost of a claim, stipulated on certain insurance policies as being payable by the policyholder Also called (in Britain and certain other countries) excess
Derived Forms
deductibility, noun
Word Origin and History for deductible
adj.

1610s, "that may be deduced," also "that may be deducted;" from Latin deducere (see deduce) + -ible. As a noun, "deductible thing," by 1927.