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English definition of “tax-deductible”

tax-deductible

adjective
 
 
/ˌtæksdɪˈdʌktɪbl̩/ US   /-ə-/ TAX, ACCOUNTING
tax-deductible costs are subtracted from someone's income and the tax owed is calculated on the remaining amount: All pension contributions are tax deductible. tax-deductible contributions/donations tax-deductible costs/expenses/items
(Definition of tax-deductible from the Cambridge Business English Dictionary © Cambridge University Press)
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