nondeductible
Can't write off
Nondeductible describes expenses or contributions that cannot be subtracted from taxable income: Medical expenses below the threshold are nondeductible.
The term appears most often in tax contexts, distinguishing costs you must absorb fully from those that reduce your tax burden.
A nondeductible IRA contribution is made with after-tax money.
Not paid back
- uncompensatedNot paid for work
- unrecoverableImpossible to regain
- write-offRecorded value reduction
- disallowedOfficially not permitted
capital · passive · hobby · personal · casualty · theft · gambling
Relating to one's self
- entertainmentAgreeable diversion of attention
- commuteRegular work travel
- clothingBody coverings worn daily
- giftsItems freely given
hobby · fines · penalties · political · donations · club · membership · tuition
Regular monetary receipts
- withholdingKeeping from another
- filingStoring documents systematically
- returnGo back again
- bracketSupport or category
liability · adjustment · basis · exclusion · disallowance · limitation · threshold · IRS
Tax-advantaged retirement fund
- RothIRA permitting tax-free withdrawals
- 401kEmployer-sponsored retirement savings
- retirementLeaving the workforce permanently
- traditionalFollowing long-held customs
contribution · limit · excess · rollover · conversion · basis · after-tax · nonqualified
unreimbursed
Not paid back
- uncompensatedNot paid for work
- unrecoverableImpossible to regain
- write-offRecorded value reduction
disallowed · capital · passive · hobby · personal · casualty · theft · gambling
personal
Relating to one's self
- entertainmentAgreeable diversion of attention
- commuteRegular work travel
- clothingBody coverings worn daily
gifts · hobby · fines · penalties · political · donations · club · membership · tuition · groceries
income
Regular monetary receipts
- withholdingKeeping from another
- filingStoring documents systematically
- returnGo back again
bracket · liability · adjustment · basis · exclusion · disallowance · limitation · threshold · IRS · audit
IRA
Tax-advantaged retirement fund
- RothIRA permitting tax-free withdrawals
- 401kEmployer-sponsored retirement savings
- retirementLeaving the workforce permanently
traditional · contribution · limit · excess · rollover · conversion · basis · after-tax · nonqualified · pension
nondeductibledeductible
Out-of-pocket threshold amount
tax-deductible · allowable · write-off · tax write-off · claimable
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