Definition of deductible in US English:

deductible

adjective

  • Able to be deducted, especially from taxable income or tax to be paid.

    ‘child-care vouchers will be deductible expenses for employers’
    • ‘This interest relief from 1st January, 2002, is a deductible expense against rental income on residential properties.’
    • ‘She said the measure was aimed at making local wheat production more competitive by allowing millers to claim back any VAT incurred on their deductible purchases.’
    • ‘There are two methods for determining deductible automobile tax expenses.’
    • ‘Your own salary would constitute a deductible expense in determining any profit figure.’
    • ‘It limited knowledge to empirical, demonstrable, or rationally deductible information.’
    • ‘Generally, under this method, 15 percent of the taxpayer's gross income from an oil or gas producing property is deductible each tax year.’
    • ‘Taxable amounts increase taxable income in the future while deductible amounts will decrease taxable income in the future.’
    • ‘The yearly deductible charge (the amount the enrollee must pay before the plan starts to pay for any medicines) varies up to $250.’
    • ‘Finally, do not forget the taxman, as tax is due at your highest rate on all rental income less the following deductible expenses.’
    • ‘A plan may set higher co-payments and deductible levels for mental health care.’
    • ‘If you buy a house, keep track of deductible mortgage expenses and your mortgage interest.’
    • ‘The interest you pay on your mortgage will be allowed as a deductible expense against rental income.’
    • ‘Most recently, major employers have advocated for a repeal of the limits on deductible employer contributions to pension plans.’
    • ‘Fortunately, mileage is a deductible business expense, so you can recoup some costs when you file your tax returns.’
    • ‘Article 19 makes provision for the calculation of the deductible proportion.’
    • ‘An employer may instead choose to treat the amount as regular deductible business expenses.’
    • ‘If a break was taken and the precise length of the break was not ascertained, it would be assumed that the deductible period was 30 minutes unless evidence to the contrary was available.’
    • ‘But the companies get a deduction, because the gains count as employee compensation, a deductible expense.’
    • ‘He carries a $100,000 deductible policy on condo projects, which represent a quarter of his work.’
    • ‘Whether you're looking for a job or moving to start a new one, keep careful records of all your potentially deductible expenses, Roth says.’

noun

North American
  • (in an insurance policy) a specified amount of money that the insured must pay before an insurance company will pay a claim.

    ‘a traditional insurance policy with a low deductible’
    • ‘The CEO who asks for a special medical fund to finance the insurance deductibles in his or her health benefit package.’
    • ‘His health savings account requires insurance plans with high deductibles, which undermines the goal of preventive care.’
    • ‘Along with the higher prices is the insurers' requirement that corporate buyers retain more risk on their balance sheets, with deductibles in many lines now double what they were in 2000.’
    • ‘These are tax-sheltered accounts tied to insurance with very high deductibles.’
    • ‘In many cases, business owners believe they'll never have a claim large enough to justify the expense of insurance policy premiums and deductibles.’
    • ‘Then there's larger premiums, deductibles, and co-pays in your company health plan, as well as the need to pile ever more into retirement savings.’
    • ‘New homeowner policies cover so little, and deductibles are so high, that fewer claims are approved.’
    • ‘The real test is to compare how much you would likely spend without coverage vs. what the premiums, deductibles, co-pays, and uncovered treatments together would cost you.’
    • ‘Many are boosting premiums, co-payments and deductibles.’
    • ‘This program allows participants to ear mark hands for the cost of insurance premiums, deductibles and non-covered medical, dental and vision care expenses.’
    • ‘As a result, hospitals say they're having a harder time getting the insured to cover their deductibles.’
    • ‘But when we looked into the savings we'd get, we realized that the higher deductibles would allow us to reduce our health insurance costs even if we reimbursed our employees for whatever extra they had to pay.’
    • ‘Many individual policies offer low premiums but high deductibles - up to $5,000 in some cases.’
    • ‘As well as hiking premiums, insurers have been cutting back on coverage and encouraging policyholders to raise their deductibles, which limits claims.’
    • ‘Non-group insurance is expensive: premiums and deductibles are higher and overall plan benefits are less generous than for group plans.’
    • ‘In addition, many companies are asking workers to shoulder higher deductibles and payments for doctor visits.’
    • ‘While young and healthy workers can obtain catastrophic insurance relatively cheaply, many are still hard-pressed to pay the premiums and deductibles.’
    • ‘In order to increase the deductibles on their auto and homeowner insurance policies, Laylock suggests that the couple increase them to $1,000.’
    • ‘People at low risk will be more willing to be self-employed and buy their own medical insurance with more limited plans with higher deductibles and lower premiums.’
    • ‘Insurance companies, for instance, are talking about premium credits, lower deductibles and rebates for steps such as commissioning of buildings.’

Pronunciation

deductible

/dəˈdəktəb(ə)l//dəˈdəktəb(ə)l/