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 ?
If we are interested in ensuring that we do not overestimate the deductible amount and we do not care about underestimation, we can construct a one-sided confidence interval where we put all of the margin-of-error on one side of the estimate.
If the net deductible amount is carried forward, it does not create a refund, but only reduces the net taxable amount and therefore the amount calculated as a deferred tax liability.
The net deductible amount in 19X6 did not result in a deferred tax asset because its carryback did not result in a reduction of current
Since the costs under the deductible amount have to be paid out-of-pocket, most of the insured will not send their bills to the insurer before the total amount exceeds the deductible.
Years prior to and including Hurricane Andrew, property insurance policies protected property owners with nominal deductible amounts for each loss event.
For example, an index of "enrollee economic burden," including information on copayment amount, deductible amount, and coinsurance rate, was created as a measure of the patient's overall financial burden.
One option to forestall risk segmentation would be to have the employer vary its contribution levels and the deductible amounts according to employee characteristics, such as age and sex, that are associated with varying levels of expected health costs.
This was primarily a result of the diminishing effect of the relatively fixed annual deductible amounts in a period of increasing inflation in physician charges.
Rectification of errors caused by damage are not included in the deductible amount.
Silver plans, the most frequently purchased plans on-exchange, averaged $2,927 as the deductible amount for individuals.
The 2012 Annual Survey of Employer Health Benefits, completed by the Kaiser Family Foundation and the Health Research and Educational Trust, found that the average deductible amount for employees in consumer-driven health plans (connected to both HSA-qualified CDHPs and HRAs) was $2,086 for individuals and $3,924 for families.
162(1)(2)(A) limits the deductible amount of payments made for health insurance to the taxpayer's earnings from the trade or business "with respect to which the plan providing the medical care coverage is established.