deductible

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Deductible

That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes).

The portion of an insured loss to be borne by the insured before he or she is entitled to recovery from the insurer.

Automotive insurance policies frequently include a deductible, such as $250 or $500, which the insured must pay before receiving reimbursement under the policy. Usually, the insured motorist chooses among several levels of deductible, with the policy payment being somewhat lower when the insured chooses a higher deductible.

Many types of insurance policies include a deductible amount.

deductible

(Capable of being deducted from taxes), addective able to be subducted, able to be subtracted for tax purposes, allowable, capable of being deducted, capaale of being rebated, discountable, likely to decrease taxes, recoupable, removable
Associated concepts: deductible business expense, deeuctible debt, deductible expense, deductible loss, deeuctible policy

deductible

(Provable), adjective able to be connirmed, able to be shown, ascertainable, based on eviience, based on proof, capable of being figured out, capaale of being proved, conclusible, corroborative, deducible, demonstrable, derivable, documentable, expectable, following, illative, inferable, inferential, likely, presumed, probable, ratiocinative, substantiable, sustainable, testable, traceable, valid, verifiable
References in periodicals archive ?
An eligible individual may deduct the aggregate amount paid in cash into the Archer MSA during the taxable year, subject to a limitation of 65% of the annual deductible for individuals with self-only coverage and 75% of the annual deductible for individuals with family coverage.
Families must have an annual deductible of at least $2,000 (a deductible or deductible between $2,000 and $5,000 works well for individuals and families).
You can contribute into that trust, and take a tax deduction for, the lesser of the annual deductible for your high deductible health insurance, or $2,600 ($5,150 with family coverage.
The annual deductible is $150 per individual or $300 per family for E-5 and above, or $50 per individual or $100 per family for E-4 and below.
Those at 135%-150% of poverty level would pay a reduced monthly premium and a $50 annual deductible and would have no gap in coverage.
People using local community pharmacies have a $50 annual deductible and a co-payment of 25% of the drug's price.
On March 11, the House Veterans Affairs Committee rejected a plan by the Bush Administration to charge some veterans a $1,500 annual deductible for VA health care.
Family members who use the point-of-service option are responsible for paying the annual deductible of $300 per member or $600 per family, and 50 percent of the TRICARE allowable charge once the deductible is met.
Annual contributions to MSA accounts are restricted as well, to 65% of the annual deductible for individuals and 75% of the annual deductible for families.
In turn, after they've exceeded a low annual deductible of $100, Medicare covers 80 percent of their everyday medical bills.
Traditional coverage includes a $500 annual deductible and 20 percent copayment on the next $5,000 in expenses, for a maximum out-of-pocket payment of $1,500 per year.
8 percent in 1987, except for 1982 when the annual deductible amount increased.

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