deductible

[dih-duhk-tuh-buhl]

adjective

1. capable of being deducted.

2. allowable as a tax deduction.

   Charitable contributions are deductible expenses.

noun

1. 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.

deductible

/ dɪˈdʌktɪbəl /

adjective

1. capable of being deducted

2. short for tax-deductible

noun

1. Also called (in Britain and certain other countries): excess. insurance a specified contribution towards the cost of a claim, stipulated on certain insurance policies as being payable by the policyholder

Other Word Forms

• deductibility noun
• nondeductibility noun
• nondeductible adjective
• undeductible adjective

Word History and Origins

Origin of deductible¹

First recorded in 1855–60; deduct + -ible

Example Sentences

First, the tax bill sets a new floor: Gifts will be deductible to the extent they exceed 0.5% of your adjusted gross income.

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The “better” plan she is considering for next year, with a $7,000 deductible, is $2,300 each month.

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The charges also include allegations of false tax filings, with prosecutors asserting that campaign-related and personal expenses were misrepresented as deductible business costs.

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Republicans openly admit they want people to pay high deductibles and have terrible coverage because they think it will make them more “responsible.”

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“When something goes wrong in life, having your deductible covered is essential to keeping your financial life out of the ditch,” they write on their website.

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