1. Acceptable as a deduction (especially as a tax deduction)

1. (taxes) an amount that can be deducted (especially for the purposes of calculating income tax) 
2. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount

Derived forms: deductibles

See also: allowable, deduct

Type of: amount, amount of money, article, clause, sum, sum of money

Antonym: nondeductible

Encyclopedia: Deductible

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