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

Example Sentences

That's because many of these deductions can only be taken if you're itemizing, meaning you're adding up all of your tax-deductible spending like state and local taxes, mortgage interest and charitable contributions.

From Salon

One common savings vehicle favored by both Khalfani-Cox and Lewis is the 529 investment plan, which offers tax-deductible withdrawals for qualified educational expenses.

From Salon

Although the IRS recognizes the Duck Pond as a nonprofit eligible for tax-deductible donations, the organization has yet to register with the Registry of Charities and Fundarisers maintained by the state attorney general’s office.

From Los Angeles Times

The National Rifle Association reached a settlement on Wednesday with the District of Columbia’s attorney general, agreeing to make governance changes that would curtail its use of millions of dollars raised by an affiliated charity accused of mishandling tax-deductible donations.

From New York Times

If costs continue to mount, Juan says the fund will consider sponsoring a crowdfunding campaign to raise funds, offering donors a tax-deductible way to support the cause.

From Science Magazine