NONDEDUCTIBLE

nondeductible

(adjective) not allowable as a deduction

Source: WordNet® 3.1

Etymology

Adjective

nondeductible (not comparable)

(finance) That cannot be deducted for income tax purposes, and that tax has to be paid on.

Noun

nondeductible (plural nondeductibles)

(finance) Any expense that cannot be deducted for income tax purposes.

Source: Wiktionary

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