noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
(of an expense, loss, etc) legally deductible from income or wealth before tax assessment

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences for taxdeductible
In some countries, such bribes are considered taxdeductible payments.
Foundation programs are funded by grants, taxdeductible contributions and aarp.
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