Definition of deductible adjective from the Oxford Advanced Learner's Dictionary

 

deductible

 adjective
adjective
BrE BrE//dɪˈdʌktəbl//
 
; NAmE NAmE//dɪˈdʌktəbl//
 
 
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that can be taken away from an amount of money you earn, from tax, etc. These costs are deductible from profits. tax-deductible expenses (= that you do not have to pay tax on)
See the Oxford Advanced American Dictionary entry: deductible