Simple Definition of deductible

from our Learner's Dictionary

deductible

1 of 2

adjective

: able to be subtracted from an amount of money
The trip was deductible as a business expense.
All donations to charities are deductible. [=taxes do not have to be paid on money given to charities]
tax-deductible expenses/donations

deductible

2 of 2

noun

plural deductibles
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
I have an insurance policy with a $1,000 deductible.

Cite this Entry

“Deductible.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/deductible. Accessed 19 Jun. 2026.

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