deductible costs
Tax-reducible outlays
Deductible costs are expenses that can be subtracted from income or revenue when calculating taxes or net amounts.
In business, these include operating expenses, depreciation, and legitimate business expenditures: Travel to client sites is a deductible cost.
In insurance contexts, deductible costs are what the policyholder pays before coverage begins.
- business expensesCosts of commercial operations
- home officeResidential work area
- travel expensesCosts of journeys
- medical expensesFees for treatment
- mortgage interestFee for borrowed home funds
corporate finance · charitable donations · office supplies · legal exemptions · property taxes · advertising costs · out-of-pocket expenses · nonprofit organizations · state taxes · student loan interest · capital gains · adjusted gross income · tax write-off · retirement contributions · audit trail · financial audits · add · estate planning
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