deductibility

[di-duhkt-uh-bil-i-tee]

noun

1. the fact or quality of being deductible, especially in the context of filing taxes.

Example Sentences

They advocated an increase in the maximum annual contribution and its tax deductibility.

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This immigration enforcement section of the One Big Beautiful Bill Act hasn’t gotten as much attention as issues like Medicaid or food assistance cuts, or the deductibility of state and local taxes.

Read more on Slate

Perhaps the most obstinate group is a handful of New York and California members who have staked their reputations on increasing the deductibility of state and local taxes, to the annoyance of every other House Republican.

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By limiting the deductibility of executive compensation to $1 million, while leaving a gaping loophole — stock options and bonuses tied to corporate performance — the policy contributed to the rise of outsize pay packages.

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Fox Chief Communications Officer Brian Nick has confirmed the deductibility of the settlement.

Read more on Seattle Times