deductible
deductibles
Deductible can be the amount you have to pay before your health insurance kicks in, or it can mean an amount you can take off your taxes for various payments you have already made. Strange that one deductible can be so friendly and the other one so mean.
The Latin deducere, meaning "to derive," eventually became the word deduct, meaning "to take away." In the mid-19th century, the word deductible was born, meaning something "may be deducted." As a noun, a deductible is something you pay, such as your insurance deductible. As an adjective, deductible describes something you can subtract from a total, usually from your taxes. Andy Warhol once said, “Employees make the best dates. You don't have to pick them up and they're always tax-deductible.”
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(taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
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type of:
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amount, amount of money, sum, sum of money
a quantity of money
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amount, amount of money, sum, sum of money
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acceptable as a deduction (especially as a tax deduction)
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Synonyms:
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allowable
deductible according to the tax laws
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Antonyms:
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nondeductible
not allowable as a deduction
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allowable
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a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Vocabulary lists containing deductible
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