Meaning Of The Word Tax-deductible

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Tax-deductible Meaning

Tax-deductible Definition
Tax-deductible Definition

What's The Definition Of Tax-deductible?

tax deductible in Accounting
adjective: If an expense or loss is tax deductible, it can be paid out of the part of your income on which you do not pay tax, so that the amount of tax that you pay is reduced.

tax-deductible
adjective: If an expense is tax-deductible, it can be paid out of the part of your income on which you do not pay tax, so that the amount of tax you pay is reduced.

tax-deductible in American English
that is allowed as a deduction in computing income tax
adjective: noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated

tax-deductible in British English
adjective: (of an expense, loss, etc) legally deductible from income or wealth before tax assessment

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