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

If you’re feeling charitable — and you certainly have the means to become a philanthropist — you can always make large tax-deductible contributions, advisers are quick to note, or even establish a foundation.

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HSAs come with a “triple tax benefit” — contributions are tax-deductible, funds grow tax-free and withdrawals for qualified expenses are tax-free.

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Donations are still tax-deductible for itemizers.

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“If a nonprofit organization was created for the purpose of conducting the construction on the White House, and the individuals and corporations make their donations to that nonprofit organization, then, yes, their donations would be tax-deductible,” says tax lawyer Ari Sonneberg of Boston-based Wagner Law Group.

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The trust itself confirms gifts are tax-deductible.

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