nondeductible

Thân thiện

The accountant explains that the expense is nondeductible.

Definition

1. Adjective:
   • Not allowable as a deduction: Describes an expense or cost that cannot be subtracted from gross income when calculating taxable income. It is the opposite of "deductible."

Usage Examples

• Adjective:
  • The fines were nondeductible, so they did not reduce the company's tax liability.
  • Personal living expenses are generally nondeductible for tax purposes.
  • The accountant explained that the client's entertainment costs were nondeductible under the new rules.

Advanced Usage

• "nondeductible contribution": In retirement account terminology, this refers to money contributed to an account (like a traditional IRA) for which you do not claim an income tax deduction in the year of the contribution.
  • He made a nondeductible IRA contribution because his income was too high for a deductible one.

Variants and Related Words

• Deductible (adj): Able to be deducted, especially from taxable income.
  • Mortgage interest is often a deductible expense for homeowners.
• Nondeductibility (n): The state or quality of being nondeductible.
  • The nondeductibility of the penalty increased the final tax bill.

Synonyms

• Nonallowable: Not permitted or allowed.
• Ineligible for deduction: Not qualifying to be subtracted.

Antonyms

• Deductible: Allowable as a deduction.
• Allowable: Permitted to be deducted or claimed.

Học thuật

Adjective

1. not allowable as a deduction