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deductible

[dih-duhk-tuh-buh l] /dɪˈdʌk tə bəl/
adjective
1.
capable of being deducted.
2.
allowable as a tax deduction:
Charitable contributions are deductible expenses.
noun
3.
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.
Origin
1855-1860
1855-60; deduct + -ible
Related forms
deductibility, noun
nondeductibility, noun
nondeductible, adjective, noun
undeductible, adjective
Can be confused
deducible, deductible.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for deductible
  • The errors have been both ways--deductible items have been omitted, and other items that are not deductible have been included.
  • Interest income is usually taxable, whereas some countries allow mortgage payments to be tax deductible.
  • The government notes that a deductible will apply for some fees, but the details remain unclear.
  • Cape related incidents will be covered under a higher deductible.
  • At that time also, interest on student loan debt was not deductible.
  • Have the entire interest payment applied to principal for a year, and make it tax deductible.
  • They provide tax breaks in return for a high deductible.
  • Withdrawal penalties are tax deductible so it's often worthwhile to pull out of the product and reinvest rather than waiting.
  • Mortgage-interest payments are partially deductible from income tax.
  • Our board members are cool people, and the meals you want to schedule with them at conferences become tax-deductible.
British Dictionary definitions for deductible

deductible

/dɪˈdʌktɪbəl/
adjective
1.
capable of being deducted
2.
(US & Canadian) short for tax-deductible
noun
3.
(insurance, US & Canadian) 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
deductibility, noun
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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Word Origin and History for deductible
adj.

1610s, "that may be deduced," also "that may be deducted;" from Latin deducere (see deduce) + -ible. As a noun, "deductible thing," by 1927.

Online Etymology Dictionary, © 2010 Douglas Harper
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