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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.

References in periodicals archive ?
"Just about everyone in the industry has acknowledged this deductibility is not persuading many people," said Forman, "but rather than making deductions easier to obtain -- thus making the purchase of LTCI more attractive--the federal government raised that lower income limit from 7.5 to 10 percent, making it so even fewer people qualify for the deduction."
The way to do that is to provide a standard disclaimer such as "Consult your tax adviser regarding deductibility of interest," or words to that effect, in all mortgage loan ads.
The deductibility cap provides an element of progressivity that would otherwise be lacking.
Even with all the stars in the night sky seemingly aligned, MI tax deductibility was cut from the tax bill as conferees traded and bartered tax cuts to reconcile the differences between the Senate and House packages.
831, a bill to allow above-the-line tax deductibility of long-term care insurance premiums.
The IRS recognized, however, that if an unrelated insurer retained any of the risk, that portion retained by the insurer did constitute risk shifting and the deductibility for that portion of the premium would be allowed.
Friedman is referring to increased limits on education savings accounts, deductibility of student loan interest, tax deductibility for college tuition, and increased limits on 401(k) plans that were added to the bill in Congress.
They argue that mortgage insurance premiums fit all the key tests for deductibility established by the tax agency.
Section 112 of the Conference Report would require that the Board study the adequacy of information consumers receive: about the deductibility of interest paid on home--secured credit transactions.
The IRS seems to have extraordinary difficulty making up its mind about the correct position to adopt in regard to the deductibility of environmental cleanup costs.
This column discusses the misunderstanding and concern over deductibility of attendees' expenses and outlines rules governing sponsored events in this region.
Deductibility of state and local taxes became an important issue during the debate leading up to the Tax Reform Act of 1986 (TRA86).