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tax-deductible

[ taks-di-duhk-tuh-buhl ]

adjective

  1. noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated.


tax-deductible

adjective

  1. (of an expense, loss, etc) legally deductible from income or wealth before tax assessment
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

Right now your company likes to sweeten the pot by paying you in tax-deductible fringe benefits, including corporate junkets.

And borrowing actually costs the company something less than that, because the interest is tax-deductible.

Nineteen thousand dollars of the membership fee is tax deductible.

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tax credittax deduction