1. amounts that must be paid by an insured person before an insurance company will pay a claim
Usage: insurance terminology; plural form
2. expenses that can be subtracted from taxable income
Usage: tax terminology; plural form

Examples

• The health insurance plan has high deductibles but lower monthly premiums.
• Car insurance deductibles typically range from $250 to $1,000.
• Medical expenses and charitable donations are common tax deductibles.
• Business owners can claim office supplies as deductibles on their tax returns.
• Higher deductibles usually mean lower insurance costs.
• The accountant helped identify all possible deductibles for the small business.