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English definition of “deductible”

deductible

adjective (Australian also deductable)     /dɪˈdʌktɪbl̩/ US   /-ṱə-/
relating to an amount or part that can be taken away from a total: However, the supplementary benefit that he was receiving was deductible from the figure awarded as damages.
TAX relating to particular costs that can be taken away from the amount of money that you have earned, before you have to pay tax on it: Expenditure by private persons on education and training is rarely deductible for income-tax purposes. deductible expenses → See also tax-deductible
deductibility noun [U]
(Definition of deductible adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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