deductible

adjective
de·​duct·​ible | \ di-ˈdək-tə-bəl How to pronounce deductible (audio) , dē- \

Definition of deductible

 (Entry 1 of 2)

: allowable as a deduction expenses that are deductible from taxable income

deductible

noun

Definition of deductible (Entry 2 of 2)

: a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against also : the amount of the loss specified in such a clause

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Other Words from deductible

Adjective

deductibility \ di-​ˌdək-​tə-​ˈbi-​lə-​tē How to pronounce deductible (audio) , dē-​ ; \ noun

Examples of deductible in a Sentence

Adjective The trip was deductible as a business expense. Noun I have an insurance policy with a $1,000 deductible.
Recent Examples on the Web: Adjective However, the company said last summer that the deductible amount may be lower if a regulation proposed by the IRS last year came into effect. Author: Douglas Macmillan, Kevin Schaul, Anchorage Daily News, "Drug companies seek billion-dollar tax deductions from opioid settlement," 12 Feb. 2021 Of course, increased expenditures to stimulate demand, such as advertising, trade shows, etc., were business expenses deductible from gross income, as were costs of hiring more employees to meet increased demand. Star Tribune, "Readers Write: Taxes and budgets, growing older," 1 Feb. 2021 Under the new federal rule, starting in 2024 an insurance plan member can request and receive estimates of out-of-pocket costs for prescription drugs, both online and on paper, taking into account the member’s deductible, coinsurance, and copays. Harris Meyer, Fortune, "New Trump administration rule directs insurers to reveal what they pay for prescriptions," 19 Nov. 2020 Donations are tax deductible and gift receipts are available upon request. cleveland, "Avon Lake Public Library celebrates 90th anniversary: Short Takes on Avon, Avon Lake and North Ridgeville," 15 Jan. 2021 Raising your deductible puts money in your pocket every month that otherwise would have gone to your insurer. Nerd Wallet, oregonlive, "9 ways you can save on homeowners insurance," 12 Jan. 2021 That’s because Bristol Myers Squibb, the manufacturer, paid her insurance deductible and copays for the drug. Harris Meyer, Fortune, "Seniors face steep drug costs as Congress stalls on capping Medicare out-of-pockets," 28 Dec. 2020 Companies that previously had a PPP loan can qualify for a new one, and their PPP grants would be made tax deductible. Erik Wasson, Bloomberg.com, "Senate Passes Giant Package Wrapping Relief, Funding, Tax Breaks," 22 Dec. 2020 And to those who plan to take advantage of the US government’s latest show of corporate welfare, at least have the good sense to enjoy your now fully deductible business lunch at an outdoor table. Lila Maclellan, Quartz, "The “three-martini lunch” tax break sums up why so many people hate capitalism," 21 Dec. 2020 Recent Examples on the Web: Noun The campaign is accepting donations, which are tax deductible, through Dec. 31. The Oregonian/oregonlive, oregonlive, "What it’s meant to local nonprofits to be part of the 2020 Season of Sharing campaign," 25 Dec. 2020 Owners with comprehensive coverage may also decline to report a catalytic-converter theft, said Lehman, if the total repair cost is roughly equal to their deductible (and to avoid a likely increase in the policy premium). Clifford Atiyeh, Car and Driver, "Why Thieves Are Coveting Your Catalytic Converter, Particularly Now," 24 Dec. 2020 The amount consumers pay would get counted toward their in-network annual deductible. CBS News, "Stimulus bill to rid patients of "surprise" medical bills," 22 Dec. 2020 The amount consumers pay would get counted toward their in-network annual deductible. The Associated Press, NOLA.com, "'Surprise' medical bills will be virtually gone, thanks to new coronavirus legislation," 22 Dec. 2020 The amount consumers pay would get counted toward their in-network annual deductible. Ricardo Alonso-zaldivar, The Christian Science Monitor, "What the 'surprise billing' law means for U.S. health care," 22 Dec. 2020 The plans that have survived in the exchanges look like Medicaid’s managed care with a high deductible. Marie Fishpaw, National Review, "What Trump Has Done to Change the Health Care System and How That Has Helped Battle COVID-19," 18 Oct. 2020 For anyone with family coverage, the minimum deductible will be $2,800 (with a maximum out-of-pocket limit of $14,000). Nathan Bachrach And Amy Wagner, The Enquirer, "Allworth Advice: 3 ways to pay off your mortgage early," 11 Nov. 2020 Consider the deductible, which is how much a person needs to pay out-of-pocket before insurance starts paying for care. Rachel Bluth, SFChronicle.com, "App-based companies say Prop. 22 will give California drivers health benefits. Is that true?," 30 Oct. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'deductible.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of deductible

Adjective

1856, in the meaning defined above

Noun

1929, in the meaning defined above

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Time Traveler for deductible

Time Traveler

The first known use of deductible was in 1856

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Statistics for deductible

Last Updated

18 Feb 2021

Cite this Entry

“Deductible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deductible. Accessed 25 Feb. 2021.

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More Definitions for deductible

deductible

adjective

English Language Learners Definition of deductible

 (Entry 1 of 2)

: able to be subtracted from an amount of money

deductible

noun

English Language Learners Definition of deductible (Entry 2 of 2)

US : an amount of money that you have to pay for something (such as having your car fixed after an accident) before an insurance company pays for the remainder of the cost

deductible

adjective
de·​duc·​ti·​ble | \ di-ˈdək-tə-bəl How to pronounce deductible (audio) \

Legal Definition of deductible

 (Entry 1 of 2)

: allowable as a deduction

Other Words from deductible

deductibility \ -​ˌdək-​tə-​ˈbi-​lə-​tē How to pronounce deductible (audio) \ noun

deductible

noun

Legal Definition of deductible (Entry 2 of 2)

: a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against also : the amount specified in such a clause — compare franchise sense 4a

More from Merriam-Webster on deductible

Nglish: Translation of deductible for Spanish Speakers

Britannica English: Translation of deductible for Arabic Speakers

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