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-deductible• Because 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.From Longman Business Dictionarytax-deductibleˌtax-deˈductible adjectiveTAX tax-deductible costs can be taken off your total income before tax is calculated on itCharitable donations are tax-deductible. 