Tax Deductible

Tax Deductible is a legal term that is.

referring to an expense that can be used to reduce taxable income. Interest on housing and Ad Valorem taxes are generally tax deductible. Depreciation, repairs, maintenance, utilities, and other ordinary and necessary expenses are tax deductible for businesses.

See also other Tax Terms and Definitions in U.S.A.

deduction; tax deduction.

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.