deductible

9 definitions • 9 examples

A deductible amount can be taken away from a total:

tax-deductible Expenses like office phone bills are tax-deductible (= you do not have to pay tax on them).

an amount of money that is taken away from an employee's pay before they receive it

a part of the cost of an accident, injury, etc., that you agree to pay when you buy insurance:

Customers can lower insurance premiums by taking higher deductibles.

an amount of money that you are responsible for paying before your insurance (= protection against loss) will pay you for an expense:

Judy’s car insurance policy had a $500 deductible.

A deductible expense is a cost that you can subtract from the earnings on which you have to pay income tax:

Mortgage interest is deductible.

relating to an amount or part that can be taken away from a total:

However, the supplementary benefit that he was receiving was deductible from the figure awarded as damages.

relating to particular costs that can be taken away from the amount of money that you have earned, before you have to pay tax on it:

Expenditure by private persons on education and training is rarely deductible for income-tax purposes.

deductible expenses

an amount of money that is taken away from the money paid to an employee before it is given to them:

The increase in the deductible could eat away a worker's entire pay increase for the year.

a part of the cost of an accident, loss, injury, etc. that you agree to pay yourself when you buy insurance:

The company's insurance covers the cost of accidents, minus a $500 deductible, for members of all ages.