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tax-deductible
[ taks-di-duhk-tuh-buhl ]
adjective
- noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated.
tax-deductible
adjective
- (of an expense, loss, etc) legally deductible from income or wealth before tax assessment
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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.
From The Daily Beast
And borrowing actually costs the company something less than that, because the interest is tax-deductible.
From The Daily Beast
Nineteen thousand dollars of the membership fee is tax deductible.
From The Daily Beast
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