|
Dictionary:
tax-de·duct·i·ble (tăks'dĭ-dŭk'tə-bəl) |
| 5min Related Video: tax-deductible |
| Financial & Investment Dictionary: Tax Deductible |
Expense that generates a tax deduction. For individuals, some tax deductible items include charitable contributions, mortgage interest, investment interest, state, local and foreign taxes, casualty and theft losses, medical expenses, and unreimbursed business expenses. In some cases, taxpayers must meet a minimum threshold before an expense is deductible. For example, unreimbursed medical expenses are deductible if they exceed 7.5% of Adjusted Gross Income (AGI) in a tax year, and casualty and theft losses must exceed 10% of AGI before they are deductible. In order to deduct miscellaneous expenses, they must total at least 2% of adjusted gross income. If that threshold is reached, such expenses as professional dues and subscriptions, employer-required equipment or uniforms, unreimbursed business travel and entertainment expenses, investment and tax advice, moving expenses, and some home office expenses are deductible. For businesses, the costs of doing business are generally tax deductible.
| Real Estate Dictionary: Tax Deductible |
A type of expense that is allowed under tax law. Tax deductible expenses can be used to reduce taxable income. See Tax Deduction.
Example: Interest and Ad Valorem taxes are generally tax deductible for all types of property. Depreciation repairs,Maintenance, Utilities and other ordinary and necessary expenses are tax deductible for Income Property.
| Translations: Tax-deductible |
Dansk (Danish)
adj. - som kan trækkes fra i skat
Nederlands (Dutch)
aftrekbaar van de belastingen
Français (French)
adj. - déductible d'impôts
Deutsch (German)
adj. - steuerlich absetzbar
Ελληνική (Greek)
adj. - (οικον.) αφαιρούμενος από τη φορολογητέα ύλη
Italiano (Italian)
detraibile dall'imposta
Português (Portuguese)
adj. - deduzível do imposto
Русский (Russian)
исключаемый из суммы, подлежащей обложению подоходным налогом
Español (Spanish)
adj. - deducible de los impuestos
Svenska (Swedish)
adj. - avdragsgill
中文(简体)(Chinese (Simplified))
可免税的
中文(繁體)(Chinese (Traditional))
adj. - 可免稅的
한국어 (Korean)
adj. - 소득에서 제할 수 있는
日本語 (Japanese)
adj. - 所得から控除できる
العربيه (Arabic)
(صفه) أستقطاعات ضريبيه
עברית (Hebrew)
adj. - (הוצאה) שניתן לשלמה מההכנסה לפני ניכוי מס-הכנסה
If you are unable to view some languages clearly, click here.
To select your translation preferences click here.
| Shopping: tax-deductible |
| Guardianship Expenses (business term) | |
| Lavish or Extravagant Expense (business term) | |
| Tax Deduction (finance term) |
| Are guardianship expenses tax deductible? Read answer... | |
| Is it good to have tax deductions in uS? Read answer... | |
| Are glasses tax deductible? Read answer... |
| Is doctor bills tax deductable? | |
| What is the meaning of tax deducted at source? | |
| Percentage of federal tax deduction? |
Copyrights:
![]() | Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved. Read more | |
![]() | Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved. Read more |
Mentioned in