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

Donations are still tax-deductible for itemizers.

Read more on MarketWatch

“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.

Read more on MarketWatch

The trust itself confirms gifts are tax-deductible.

Read more on MarketWatch

A portion of the contributions are tax-deductible for employers, said Samuel Maron, founder of the Scholars Network.

Read more on The Wall Street Journal

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.

Read more on BBC