tax-deductible

Definition
An item or expense subtracted from adjusted gross income to reduce the amount of income subject to tax. Tax authorities specify the items that can be deducted from gross income for the purpose of reducing taxable income, and the specific rules governing the deductibility of each of these items. Some examples of tax-deductible items include mortgage interest, state and local taxes, unreimbursed business expenses, and charitable contributions.




tax-deductible is ...
... part of the
Taxes subject.


Related Terms

consumer interest -
deductible -  More
Education IRA -  More
profit-sharing, property tax, residential mortgage, SEP Plan, SIMPLE 401(k) Plan, tax-advantaged, trust-preferred security, home equity, loan origination fee


tax-deductible appears in the definitions of these other terms on BusinessDictionary.com

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