deductible


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Related to deductible: Tax deductible

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 ?
Must the insured prove that the deductible for direct damage will be exceeded, before the carrier will pay for the loss of business income?
ObamaCare has both failed to curb insurance premiums and contributed significantly toward deductibles that often make care too expensive even for the insured.
In the out-of-network column, the carrier says, "You pay 40% [for the diagnostic visit] after you pay your deductible.
The research is important as many employers are turning to high deductible health plans to combat their own expenses providing health coverage for employees.
MEI has a commercial property policy providing $1,000,000 business personal property coverage with a $10,000 deductible.
By contrast, costs that individuals are incapable of incurring, like "fees paid to trustees, expenses associated with judicial accountings, and the costs of preparing and filing fiduciary income tax returns," are fully deductible (Scott, 328 F3d at 140).
While separate limits may apply, the theft and the property damage constitute one occurrence, so only one deductible should be subtracted.
If the client's expected tax rate will be lower in retirement, though, it's better to invest in a 401(k) or a deductible IRA to the extent eligible instead of a Roth IRA.
Some plans allow preventive services before the patient deductible kicks in.
Over time, this could lead to none of the insured taking a deductible and no reduction in moral hazard.
The organization surveyed 4,000 adults with insurance and found 49% of those with high-deductible plans have problems with medical bills or debts, compared with 31% of those who have health plans with lower deductibles.
1, 1999, all dividends received from noninsurance corporations are deductible, subject to the ownership limitations of Sec.