tax-deductible

[ taks-di-duhk-tuh-buhl ]

adjective

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

tax-deductible

adjective

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

Example Sentences

Right now your company likes to sweeten the pot by paying you in tax-deductible fringe benefits, including corporate junkets.

From The Daily Beast

And borrowing actually costs the company something less than that, because the interest is tax-deductible.

From The Daily Beast

Nineteen thousand dollars of the membership fee is tax deductible.

From The Daily Beast