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 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

But a tax-deductible $5 a month to PBS gets you a “PBS Passport,” which allows you to access an enormous archive of shows, new and old, from many producers, from many states, on all sorts of subjects — news shows, dramas, science series, live music, historical deep dives, multiple series about woodworking, gardening and home repair, and the cooking programs of Julia Child, Jacques Pépin, Lidia Bastianich and Ming Tsai, to name a few.

From Los Angeles Times

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 tax-free.

From MarketWatch

The arrangement has attracted some bad actors, which can raise money from tax-deductible donations with little oversight.

From The Wall Street Journal

If this donor gave $8,000 to charity next year, $7,000 of that sum would be tax-deductible.

From MarketWatch