tax-deductible

American  

[taks-di-duhk-tuh-buhl] / ˈtæks dɪˌdʌk tə bəl /

adjective

1. noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated.

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tax-deductible British  

adjective

1. (of an expense, loss, etc) legally deductible from income or wealth before tax assessment

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Example Sentences

If a person is paid time and a half, it’s the “half” part that is tax-deductible, according to the IRS.

From MarketWatch

The Feb. 28 check for the fundraising gala was described in emails as a tax-deductible donation to the century-old Hollywood charity founded by Mary Pickford, Charlie Chaplin and others.

From Los Angeles Times

Contributions to health savings accounts, which are tax-deductible, have the same deadline.

From MarketWatch

Contributions to health savings accounts, which are tax-deductible, have the same deadline.

From MarketWatch

If you have a high-deductible health-insurance plan, health savings accounts allow you to make contributions that are tax-deductible, while earnings grow tax-free and withdrawals for medical use are also tax-free.

From MarketWatch