What does tax-deductible mean?

adj. able to reduce the amount of tax you owe by subtracting it from your taxable income

tax-deductible

🇺🇸 /ˌtæks dɪˈdʌktəbl/ 🇬🇧 /ˌtæks dɪˈdʌktəbl/

Frequency

Difficulty

Tags RARE

adjective

able to reduce the amount of tax you owe by subtracting it from your taxable income

The donation to the charity was tax-deductible, so it helped lower their tax bill.

able to reduce the amount of tax you owe by subtracting it from your taxable income