English version

tax-deductible in Tax topic

From Longman Dictionary of Contemporary Englishtax-deductibleˌtax-deˈductible adjective  PETtax-deductible costs can be taken off your total income before it is taxed If you’re self-employed, your travel expenses are tax-deductible.
Examples from the Corpus
tax-deductibleBecause the firm is incorporated, the interest it pays on the bond is tax-deductible.First test: make sure that your advice is tax-deductible.The group has a foundation that can take tax-deductible contributions.The Progress and Freedom Foundation, another Gingrichrelated group financed with tax-deductible dollars, then picked up the funding.A portion of both trips includes a tax-deductible donation to the Palos Verdes Art Center.Preferred dividends are deducted because, unlike interest paid to bondholders, they are not a tax-deductible expense of doing business.Additionally, the cost of debt finance is made even cheaper because debt interest payments are a tax-deductible expense.The gain from leverage arises because the interest payments on bonds are tax-deductible whereas the dividend payments on shares are not.