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Definition of 'Deductible'
1. The amount you have to pay out-of-pocket for expenses before the insurance company will cover the remaining costs.
2. An amount subtracted from an individual's adjusted gross income to reduce the amount of taxable income.
Also known as "tax deductible."
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Investopedia explains 'Deductible'
1. For example, if you get into an accident and your medical expenses are $2,000 and your deductible is $300, then you would have to pay the $300 out-of-pocket first before the insurance company paid the remaining $1,700. However, if your accident only resulted in $300 in medical expenses, then you would pay the $300 deductible and the insurance company would pay nothing.
2. There are many types of expenses you can use to reduce the amount of your taxable income such as healthcare expenses, interest expenses (i.e. mortgages, car loans), legal fees and investment-related expenses. However, for those with brokerage accounts, fees such as commissions paid for trades are not deductible.
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Search results for 'Deductible'
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http://financialedge.investopedia.com/financial-edge/1111/5-Expenses-You-Want-to-Be-Deductible-But-Arent.aspx
... 5 Expenses You Want to Be Deductible But Aren't. ... (To know about tax deductible
expense, read: 10 Most Overlooked Tax Deductions.) ...
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http://www.investopedia.com/articles/mortgages-real-estate/08/tax-deductible-mortgage-canada.asp
Creating A Tax-Deductible Canadian Mortgage. ... But what if there was a way to take
advantage of the capital gains exemption, and make the interest tax deductible? ...
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http://financialedge.investopedia.com/financial-edge/1210/7-Expenses-You-Wont-Believe-Are-Deductible.aspx
... 7 Expenses You Won't Believe Are Deductible. Posted: December
24, 2010 9:16AM by Mark P. Cussen , CFP, CMFC. ...
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http://www.investopedia.com/ask/answers/197.asp
... Order Reprints Reprints. Feedback Feedback. Can I convert non-deductible contributions
made to my Traditional IRA to a Roth IRA without being taxed? ...
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http://financialedge.investopedia.com/financial-edge/1111/5-Things-To-Know-About-Managing-Your-Health-Care-Deductible.aspx
... 5 Things To Know About Managing Your Healthcare Deductible. ... If you're lucky,
you'll have a very low deductible, or even none at all. ...
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http://www.investopedia.com/ask/answers/05/savemore.asp
... Should I put money into a retirement account even if it isn't tax deductible?
One of the biggest and most often-touted advantages ...
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http://www.investopedia.com/articles/insurance/10/the-shortcomings-of-medicare.asp
... Many Part D plans also have an additional deductible (usually $310) that the insured
must pay before benefits kick in. Advertisement - Article continues below. ...
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http://www.investopedia.com/articles/pf/06/MortIntTaxDeduct.asp
... There are two types of debt that generate tax-deductible interest. The first is
debt that was taken out in order to buy, build or improve your home. ...
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http://financialedge.investopedia.com/financial-edge/0112/How-To-Deduct-Property-Taxes.aspx
... It isn't all deductible, so be certain just to deduct real estate taxes paid. ... authority
are deductible. Here is a brief list of fees that are not deductible. ...
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http://www.investopedia.com/slide-show/6-ways-to-save-money-on-insurance/raise-deductible.aspx
... 3 - Raise Your Deductible. A higher deductible lowers the amount an insurer
is liable for and therefore can lower insurance premiums. ...
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