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

During her campaign she vowed to make babysitter fees partially tax-deductible and proposed corporate tax breaks for companies that provide in-house childcare services.

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Welcome to this week’s edition of the Surge, a newsletter that sees how auto loans for American-made cars could soon be tax-deductible and has preordered a dozen new Ford F-150s.

Read more on Slate

The letter also asks Trump to extend Section 181 of the federal tax code and increase the caps on tax-deductible qualified film and TV production expenditures, as well as reinstating the ability to carry back losses, which the groups say would give production companies more financial stability.

Read more on Los Angeles Times

If you dip into the pbs.org website, where programs from across the country are available to stream, most for free — a tax-deductible donation of $5 a month gets you a “PBS Passport” that unlocks the rest — you will find “Michigan Out-of-Doors,” “Wyoming Chronicle,” “Kentucky Afield,” “Prairie Sportsman,” “Virginia Farming,” “Tennessee Crossroads,” the Indigenous “Native Report,” shows on woodworking, fishing, quilting and high school sports.

Read more on Los Angeles Times

The financial institution that, in 2023, moved its headquarters to Los Angeles said it would put $1 million into a relief and recovery fund, noting that anyone looking to help could make tax-deductible donations to the fund.

Read more on Los Angeles Times