Definition of deductible in 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’
    • ‘There are two methods for determining deductible automobile tax expenses.’
    • ‘Most recently, major employers have advocated for a repeal of the limits on deductible employer contributions to pension plans.’
    • ‘He carries a $100,000 deductible policy on condo projects, which represent a quarter of his work.’
    • ‘The yearly deductible charge (the amount the enrollee must pay before the plan starts to pay for any medicines) varies up to $250.’
    • ‘An employer may instead choose to treat the amount as regular deductible business expenses.’
    • ‘Finally, do not forget the taxman, as tax is due at your highest rate on all rental income less the following deductible expenses.’
    • ‘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.’
    • ‘The interest you pay on your mortgage will be allowed as a deductible expense against rental income.’
    • ‘If you buy a house, keep track of deductible mortgage expenses and your mortgage interest.’
    • ‘Article 19 makes provision for the calculation of the deductible proportion.’
    • ‘But the companies get a deduction, because the gains count as employee compensation, a deductible expense.’
    • ‘Fortunately, mileage is a deductible business expense, so you can recoup some costs when you file your tax returns.’
    • ‘Taxable amounts increase taxable income in the future while deductible amounts will decrease taxable income in the future.’
    • ‘A plan may set higher co-payments and deductible levels for mental health care.’
    • ‘Generally, under this method, 15 percent of the taxpayer's gross income from an oil or gas producing property is deductible each tax year.’
    • ‘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.’
    • ‘This interest relief from 1st January, 2002, is a deductible expense against rental income on residential properties.’
    • ‘It limited knowledge to empirical, demonstrable, or rationally deductible information.’
    • ‘Your own salary would constitute a deductible expense in determining any profit figure.’
    • ‘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’
    • ‘New homeowner policies cover so little, and deductibles are so high, that fewer claims are approved.’
    • ‘Insurance companies, for instance, are talking about premium credits, lower deductibles and rebates for steps such as commissioning of buildings.’
    • ‘His health savings account requires insurance plans with high deductibles, which undermines the goal of preventive care.’
    • ‘As a result, hospitals say they're having a harder time getting the insured to cover their deductibles.’
    • ‘Non-group insurance is expensive: premiums and deductibles are higher and overall plan benefits are less generous than for group plans.’
    • ‘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.’
    • ‘While young and healthy workers can obtain catastrophic insurance relatively cheaply, many are still hard-pressed to pay the premiums and deductibles.’
    • ‘The CEO who asks for a special medical fund to finance the insurance deductibles in his or her health benefit package.’
    • ‘In addition, many companies are asking workers to shoulder higher deductibles and payments for doctor visits.’
    • ‘This program allows participants to ear mark hands for the cost of insurance premiums, deductibles and non-covered medical, dental and vision care expenses.’
    • ‘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.’
    • ‘In many cases, business owners believe they'll never have a claim large enough to justify the expense of insurance policy premiums and deductibles.’
    • ‘As well as hiking premiums, insurers have been cutting back on coverage and encouraging policyholders to raise their deductibles, which limits claims.’
    • ‘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 individual policies offer low premiums but high deductibles - up to $5,000 in some cases.’
    • ‘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.’
    • ‘Many are boosting premiums, co-payments and deductibles.’
    • ‘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.’
    • ‘In order to increase the deductibles on their auto and homeowner insurance policies, Laylock suggests that the couple increase them to $1,000.’
    • ‘These are tax-sheltered accounts tied to insurance with very high deductibles.’

Pronunciation

deductible

/dəˈdəktəb(ə)l//dəˈdəktəb(ə)l/