C1adjectiveformalmoneylaw
US/dɪˈdʌk.tə.bəl/
UK/dɪˈdʌk.tɪ.bəl/
able to be taken away from the amount of tax you must pay
In context
Business travel is tax deductible if you keep every receipt.
Charity donations are deductible from your taxable income.
Not all medical costs are deductible, so check the rules first.
Words that go with deductible
adverb + adjective
- tax deductibleHome office costs may be tax deductible.
- fully deductibleThe cost is fully deductible this year.
- partly deductibleMeals with clients are only partly deductible.
adjective + noun
- deductible expenseEach deductible expense must be listed on the form.
- deductible costSoftware is a deductible cost for freelancers.
adjective + preposition
- deductible fromThe fee is deductible from your income.
Common mistakes
Incorrect:
This cost is deduct from tax.Correct: This cost is deductible from tax.