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Deductible

Definition 1 An item or Expense subtracted from adjusted Gross income to reduce the amount of income subject to Tax. Examples include mortgage Interest, state and Local taxes, unreimbursed business expenses, and charitable Contribution. also called Tax-deductible. Definition 2 The amount of a loss that an Insurance policy holder has to pay out-of-pocket before Reimbursement begins in accordance with the Coinsurance rate.

Related Terms: 18 Call, CLU, Coinsurance, Contribution, Deductible, Expense, FIN, Gross income, Insurance, Insurance policy, Interest, Inc., Local, Mortgage, Policy, Reimbursement, Tax, Tax-deductible
Other Related Pages: Category: Taxes Starting With: D
Semi Related Terms: 759 CLICK HERE TO VIEW
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