deductible

[ dih-duhk-tuh-buhl ]

adjective

1. capable of being deducted.
2. allowable as a tax deduction:

   Charitable contributions are deductible expenses.

noun

1. the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment:

   The deductible on our medical coverage has been raised from $50 to $100 per illness.

deductible

/ dɪˈdʌktɪbəl /

adjective

1. capable of being deducted
2. short for tax-deductible

noun

1. insurance a specified contribution towards the cost of a claim, stipulated on certain insurance policies as being payable by the policyholder Also called (in Britain and certain other countries)excess

Derived Forms

• deˌductiˈbility, noun

Other Words From

• de·ducti·bili·ty noun
• nonde·ducti·bili·ty noun
• nonde·ducti·ble adjective noun
• unde·ducti·ble adjective

Word History and Origins

Origin of deductible¹

First recorded in 1855–60; deduct + -ible

Example Sentences

Some of the Venmo payments made to the women included descriptions like “Car deductible,” “Gift,” and “Refreshment,” the records show.

From Salon

Another recent example is Trump's suggestion during a speech at the Detroit Economic Club that his administration would make car loan interest fully tax deductible.

From Salon

Homeowners and renters policies typically come with deductibles, meaning that they cover losses from damage or theft only above a certain threshold.

From Los Angeles Times

Coverage begins after patients pay a deductible, which will be no more than $590 next year.

From Los Angeles Times

Answer: HSAs offer a rare triple tax benefit: Contributions are deductible, the money grows tax deferred and withdrawals can be tax free if there are qualifying medical expenses.

From Los Angeles Times