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tax-deductible

[ taks-di-duhk-tuh-buhl ]

adjective

  1. noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated.


tax-deductible

adjective

  1. (of an expense, loss, etc) legally deductible from income or wealth before tax assessment
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Example Sentences

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If you dip into the pbs.org website, where programs from across the country are available to stream, most for free — a tax-deductible donation of $5 a month gets you a “PBS Passport” that unlocks the rest — you will find “Michigan Out-of-Doors,” “Wyoming Chronicle,” “Kentucky Afield,” “Prairie Sportsman,” “Virginia Farming,” “Tennessee Crossroads,” the Indigenous “Native Report,” shows on woodworking, fishing, quilting and high school sports.

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The financial institution that, in 2023, moved its headquarters to Los Angeles said it would put $1 million into a relief and recovery fund, noting that anyone looking to help could make tax-deductible donations to the fund.

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That's because many of these deductions can only be taken if you're itemizing, meaning you're adding up all of your tax-deductible spending like state and local taxes, mortgage interest and charitable contributions.

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One common savings vehicle favored by both Khalfani-Cox and Lewis is the 529 investment plan, which offers tax-deductible withdrawals for qualified educational expenses.

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Although the IRS recognizes the Duck Pond as a nonprofit eligible for tax-deductible donations, the organization has yet to register with the Registry of Charities and Fundarisers maintained by the state attorney general’s office.

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