1. able to be subtracted from taxable income or from an amount owed
Usage: finance; taxation

1. the amount of money that an insured person must pay before an insurance company will pay a claim
Usage: insurance

Examples

• Business expenses are often deductible on your tax return.
• Charitable donations may be deductible if you itemize.
• The health insurance plan has a $500 deductible.
• After paying the deductible, the insurance covered the rest.
• Home office expenses can be deductible for self-employed workers.
• We chose a higher deductible to lower our monthly premiums.
• Medical expenses above 7.5% of income are deductible.
• The car insurance deductible was $1,000 for collision coverage.