deductible

(redirected from deductibility)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia, Wikipedia.
Related to deductibility: ductile

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 ?
The deductibility cap provides an element of progressivity that would otherwise be lacking.
One of the true benefits of mortgage loans, whether stated or not, is deductibility of interest; however, lenders are not (nor do they want to be) in a position to represent that interest is actually deductible for every borrower that may take out an advertised loan product.
The emphasis of the proposed legislation on establishing a "cumulative profit" and requiring taxpayers to trace expenditures to a "source" of business or property income to ensure their deductibility raises a number of administrative and policy concerns.
The analysis suggests that the degree of tax deductibility be determined by the
Because bargaining agreements do not generally condition continued contributions on deductibility, you may have to bargain for the right to stop making nondeductible contributions.
Deductibility of state and local taxes became an important issue during the debate leading up to the Tax Reform Act of 1986 (TRA86).
Some private tax attorneys have argued that the case for premium deductibility is so compelling that homeowners should simply take the deductions on their own, and fight the IRS in court in the unlikely event they're challenged in an audit.
Tax deductibility of the expenses of attending any association meeting, wherever held, is subject to several overriding rules.
Commissioner established that if a captive received approximately 30 percent of its premiums from unrelated parties, there was a sufficient number of unrelated parties to support risk shifting and risk distribution, Thus deductibility of premiums was allowed.
Religious institutions and all charities are granted two valuable benefits - tax exemption of their income and tax deductibility of their donors' gifts.
That's because popular provisions such as the deductibility for college tuition and an adjustment of the Alternative Minimum Tax rates, now set to expire mid-decade, will most likely be extended.
Secondly, the list of groups supporting MI tax deductibility continues to grow in length and diversity.