nondeductible

adjective
non·​de·​duct·​ible | \ ˌnän-di-ˈdək-tə-bəl How to pronounce nondeductible (audio) \

Definition of nondeductible

: not deductible especially : not deductible for income tax purposes a nondeductible contribution

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Other Words from nondeductible

nondeductibility \ ˌnän-​di-​ˌdək-​tə-​ˈbi-​lə-​tē How to pronounce nondeductible (audio) \ noun

Examples of nondeductible in a Sentence

Recent Examples on the Web But indirectly, anyone could make a nondeductible contribution to a traditional IRA then convert this after-tax contribution to a Roth to ensure that future earnings grow tax-free. Russ Wiles, The Arizona Republic, 10 Oct. 2021 However, this limit could be bypassed by making a nondeductible IRA contribution and converting it to a Roth. Leon Labrecque, Forbes, 14 Sep. 2021 The transaction is considered to include a pro rata portion of the nondeductible contributions. Bob Carlson, Forbes, 18 May 2021 Just remember that any incidental personal travel within the trip — visiting family or taking a side trip, for example — are nondeductible personal expenses. Brian Thompson, Forbes, 7 May 2021 In this strategy a taxpayer whose income is too high to allow a contribution to a Roth IRA can make a nondeductible contribution to a traditional IRA. Bob Carlson, Forbes, 19 Apr. 2021 One of the biggest gifts to Humana and other larger health insurers in 2020 has been the permanent repeal of a nondeductible tax to fund part of the federal Affordable Care Act. Grace Schneider, The Courier-Journal, 1 Mar. 2017 Accounts are typically set up at mutual-fund companies, brokerage firms or banks by parents and grandparents, who then make nondeductible cash contributions to the accounts. Leonard Sloane, WSJ, 5 Oct. 2020 Under that calculation, the cost of maintaining reserved parking spots for employees is taxed for nonprofits or nondeductible for for-profits. Laura Saunders, WSJ, 10 Dec. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'nondeductible.' 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 nondeductible

1943, in the meaning defined above

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Time Traveler for nondeductible

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The first known use of nondeductible was in 1943

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Dictionary Entries Near nondeductible

nondecreasing

nondeductible

nondeductive

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Last Updated

14 Oct 2021

Cite this Entry

“Nondeductible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nondeductible. Accessed 22 Oct. 2021.

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