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deductible

1 of 2

adjective

de·​duct·​ible di-ˈdək-tə-bəl How to pronounce deductible (audio)
dē-
: allowable as a deduction
expenses that are deductible from taxable income
deductibility noun

deductible

2 of 2

noun

plural deductibles
: the amount of financial loss specified in an insurance policy that the insurer will not be held responsible for and that the insurance holder must pay
The deductible on your insurance is the amount of money on an insurance claim you would pay before the insurance company pays. It's what you'll be paying out of pocket prior to the insurance coverage. Steve Fiorillo
also : a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against

Example Sentences

Adjective The trip was deductible as a business expense. Noun I have an insurance policy with a $1,000 deductible.
Recent Examples on the Web
Adjective
The collective was recently approved for 501c3 status as a charitable organization in the state of Nevada, meaning donations would presumably be tax-deductible. Ryan Kartje, Los Angeles Times, 25 Aug. 2022 Up to $5,250 per employee in tuition payments, reimbursements or credits is tax-deductible for the company. Erica E. Phillips, Hartford Courant, 16 May 2022 Property settlements are not income to Heard and not tax-deductible by Depp. Robert W. Wood, Forbes, 2 May 2022 The experts said that the IRS is unlikely to impose penalties or fines against Worldview Weekend for claiming its donations are tax-deductible. Casey Tolan, CNN, 10 Jan. 2022 In the past, these taxes were generally fully tax-deductible. Michelle Shen, USA TODAY, 27 Dec. 2021 Instead of starting a GoFundMe campaign, her friends reached out for support on the AWayHomeForDogs.com website and Facebook page (Facebook.com/AWayHomeForDogs) where donations are tax deductible, and there is no fee. San Diego Union-Tribune, 30 July 2022 Currently, the federal government allows insurers to ignore those discount coupons when calculating a patient's deductible or annual out-of-pocket maximum. Howard Dean, Fortune, 26 July 2022 While these costs may be legitimate business expenses and deductible for tax purposes, they will not be accepted by the U.S. Government as allowable contract costs. Jennifer Eubanks, Forbes, 19 July 2022
Noun
Beginning next year, the law limits copayments to $35 per month per prescription for covered insulin products in Medicare Part D plans, and for insulin furnished through an external insulin infusion pump under Medicare Part B, with no deductible. Susan Tompor, USA TODAY, 17 Aug. 2022 The Grahams are saving money in two ways: by bundling their home and auto policies and by raising their deductible. BostonGlobe.com, 21 Aug. 2022 The Collective has filed an application with the Internal Revenue Service to operate as a 501(c)(3) public charity, thereby making contributions to the Collective tax deductible, if approved. Michelle Gardner, The Arizona Republic, 5 Aug. 2022 To make this information more meaningful, next year insurers will also have to provide individual-specific cost estimates tailored to their specific coverage plans, as well as the person’s progress toward their deductible. Seema Verma, STAT, 23 July 2022 The Fret Shop’s stock is insured, but there’s a deductible. Matt Wake | Mwake@al.com, al, 6 July 2022 While this is important, minor claims rarely exceed the cost of the policy, especially when considering the deductible. Gary Singer, Sun Sentinel, 2 June 2022 There's typically a small deductible, and terms usually apply. CBS News, 7 June 2022 The higher the deductible, the lower the satisfaction. Deb Gordon, Forbes, 21 June 2021 See More

Word History

First Known Use

Adjective

1856, in the meaning defined above

Noun

1922, in the meaning defined above

Time Traveler
The first known use of deductible was in 1856

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