nondeductible

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Explanation of "Nondeductible"

Definition: The word "nondeductible" is an adjective that means something that cannot be subtracted from your taxable income when you are calculating your taxes. In simpler terms, if you spend money on something that is nondeductible, you cannot use that expense to reduce the amount of money you owe in taxes.

Advanced Usage:

In more complex discussions, "nondeductible" can also refer to specific types of accounts or investments. For example: - "Contributions to a nondeductible IRA do not reduce your taxable income in the year you make them."

Word Variants:

• Nondeductibility (noun): The state of being nondeductible.
  • Example: "The nondeductibility of certain expenses can be frustrating for taxpayers."
• Deductible (adjective): The opposite of nondeductible; something that can be subtracted from taxable income.
  • Example: "Medical expenses can be deductible if they exceed a certain percentage of your income."

Different Meaning:

While "nondeductible" primarily relates to taxes, in a broader sense, it can imply that something cannot be reduced or lessened in some way, though this usage is less common.

Synonyms:

• Not allowable as a deduction
• Non-deductible (another way to write it)
• Excluded from deductions

Related Idioms & Phrasal Verbs:

There aren't direct idioms or phrasal verbs that specifically include "nondeductible," but you may hear phrases related to tax deductions in general, like: - "Write off" (to claim an expense as a deduction). - Example: "You can write off your business expenses, but those related to personal use are nondeductible."

Summary:

"Nondeductible" is an important term in finance and tax discussions, indicating expenses that cannot help lower the amount of taxes owed.

Academic

Adjective

1. not allowable as a deduction