1. the quality or state of being deductible, especially the ability to subtract an expense or loss from taxable income.
Usage: commonly used in tax and accounting contexts

Examples

• The deductibility of medical expenses depends on whether they exceed the threshold set by the IRS.
• Charitable donations have high deductibility for taxpayers who itemize their deductions.
• The accountant questioned the deductibility of the business meal expense.
• Tax reform changed the deductibility rules for state and local taxes.
• Mortgage interest deductibility is an important factor for homeowners filing taxes.
• The deductibility of student loan interest provides relief for borrowers.
• Business owners should understand the deductibility of home office expenses.