deductible
ਕਟੌਤੀਯੋਗ
definition
noun
a traditional insurance policy with a low deductible
(in an insurance policy) a specified amount of money that the insured must pay before an insurance company will pay a claim.
adjective
child-care vouchers will be deductible expenses for employers
able to be deducted, especially from taxable income or tax to be paid.
example
The interest you pay on your mortgage will be allowed as a 'deductible' expense against rental income.
If you buy a house, keep track of 'deductible' mortgage expenses and your mortgage interest.
She said the measure was aimed at making local wheat production more competitive by allowing millers to claim back any VAT incurred on their 'deductible' purchases.
A plan may set higher co-payments and 'deductible' levels for mental health care.
But the companies get a deduction, because the gains count as employee compensation, a 'deductible' expense.
This interest relief from 1st January, 2002, is a 'deductible' expense against rental income on residential properties.
If a break was taken and the precise length of the break was not ascertained, it would be assumed that the 'deductible' period was 30 minutes unless evidence to the contrary was available.
Generally, under this method, 15 percent of the taxpayer's gross income from an oil or gas producing property is 'deductible' each tax year.
It limited knowledge to empirical, demonstrable, or rationally 'deductible' information.
There are two methods for determining 'deductible' automobile tax expenses.
An employer may instead choose to treat the amount as regular 'deductible' business expenses.
He carries a $100,000 'deductible' policy on condo projects, which represent a quarter of his work.
Fortunately, mileage is a 'deductible' business expense, so you can recoup some costs when you file your tax returns.
Article 19 makes provision for the calculation of the 'deductible' proportion.
Taxable amounts increase taxable income in the future while 'deductible' amounts will decrease taxable income in the future.
Most recently, major employers have advocated for a repeal of the limits on 'deductible' employer contributions to pension plans.
Finally, do not forget the taxman, as tax is due at your highest rate on all rental income less the following 'deductible' expenses.
The yearly 'deductible' charge (the amount the enrollee must pay before the plan starts to pay for any medicines) varies up to $250.
Whether you're looking for a job or moving to start a new one, keep careful records of all your potentially 'deductible' expenses, Roth says.
Your own salary would constitute a 'deductible' expense in determining any profit figure.
Proper documentation also ensures both income tax 'deductibility' and goods and services tax input tax credit eligibility.
His health savings account requires insurance plans with high 'deductibles' , which undermines the goal of preventive care.
Thus, the abolition of tax shelter 'deductibility' was made retroactive, imposing huge penalties after the fact.
As a result, hospitals say they're having a harder time getting the insured to cover their 'deductibles' .
Then there's larger premiums, 'deductibles' , and co-pays in your company health plan, as well as the need to pile ever more into retirement savings.
‘I wanted the same attributes I had with my former program - earnings stability, cash flow, tax 'deductibility' , and so on,’ he explains.
This program allows participants to ear mark hands for the cost of insurance premiums, 'deductibles' and non-covered medical, dental and vision care expenses.
Many individual policies offer low premiums but high 'deductibles' - up to $5,000 in some cases.
Along with the higher prices is the insurers' requirement that corporate buyers retain more risk on their balance sheets, with 'deductibles' in many lines now double what they were in 2000.
As well as hiking premiums, insurers have been cutting back on coverage and encouraging policyholders to raise their 'deductibles' , which limits claims.
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