deductible

(redirected from deductibility)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial.
Related to deductibility: ductile

deductible

On a building project, a type of insurance policy stipulating that in the event of loss, the insured is liable for a specified initial amount and the insurance company is liable for the amount above that figure, up to the insured amount.
References in periodicals archive ?
While these changes did lead to the greater numbers of tax-qualified policies we see today, most LTCI customers still don't benefit much from increases in deductibility limits.
Many banks include such language whenever any mortgage loan product is advertised, whether or not the issues of LTV or tax deductibility are mentioned.
Double taxation takes a variety of forms - gas taxes, for instance, are paid with dollars upon which income taxes have already been paid, with no deductibility.
The emphasis of the proposed legislation on establishing a "cumulative profit" and requiring taxpayers to trace expenditures to a "source" of business or property income to ensure their deductibility raises a number of administrative and policy concerns.
At the time, it looked like MI deductibility was on its way to becoming a reality.
Once deductibility limits have been surpassed, taxpayers should consider nondeductible contributions to a Roth IRA.
831, a bill to allow above-the-line tax deductibility of long-term care insurance premiums.
The IRS recognized, however, that if an unrelated insurer retained any of the risk, that portion retained by the insurer did constitute risk shifting and the deductibility for that portion of the premium would be allowed.
Friedman is referring to increased limits on education savings accounts, deductibility of student loan interest, tax deductibility for college tuition, and increased limits on 401(k) plans that were added to the bill in Congress.
Tax deductibility encourages citizens to support good works by providing tax credits for their donations.
They argue that mortgage insurance premiums fit all the key tests for deductibility established by the tax agency.
The IRS seems to have extraordinary difficulty making up its mind about the correct position to adopt in regard to the deductibility of environmental cleanup costs.