What is a deductible?
Your answer is 1 | noun | (taxes) an amount that can be deducted (especially for the purposes of calculating income tax) 2 | noun | a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount 3 | adjective | acceptable as a deduction (especially as a tax deduction). Src: Wolfram|Alpha
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Deductable - allowable as a tax deduction: Charitable contributions are deductible expenses. Thanks for using ChaCha!
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A deductible is the amount of money which the insured party must pay before the insurance company's own coverage plan begins.
Answered by Stephanie C. -
Allowable as a tax deduction
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