Definition of Nondeductible

1. Adjective. Not allowable as a deduction.

Antonyms: Deductible



Definition of Nondeductible

1. Adjective. that cannot be deducted for income tax purposes; and that tax has to be paid on ¹

¹ Source: wiktionary.com

Definition of Nondeductible

1. [adj]

Lexicographical Neighbors of Nondeductible

nondecisive
nondeclarative
nondeclared
nondeclaring
nondecodable
nondecoded
nondecomposable
nondecomposed
nondecorated
nondecorative
nondecrease
nondecreasing
nondedicated
nondeducibility
nondeducible
nondeductible (current term)
nondeductive
nondeep
nondefamatory
nondefault
nondefecting
nondefective
nondefence
nondefendant
nondefendants
nondefense
nondefensive
nondeferrable
nondeferred
nondeficient

Literary usage of Nondeductible

Below you will find example usage of this term as found in modern and/or classical literature:

1. General Explanation of Tax Legislation Enacted in 1998: Report of the Joint edited by William Roth, Bill Archer (2000)
"An individual may make nondeductible contributions up to the lesser of $2000 or 100 percent of compensation to a Roth. IRA if the individual's AGI does not ..."

2. Description and Analysis of Tax Proposals Relating to Individual Saving and by Government Printing Office Staff, Joint Committee on Taxation, United States, Senate, Congress, Committee on Finance (1997)
"nondeductible contributions to tax-free IRA Plus accounts (sec. Ill of the bill) Contributions to an IRA Plus account would be nondeductible. ..."

3. Successful Independent Consulting: Turn Your Career Experience Into a by Douglas Florzak (1999)
"If you qualify for a Roth IRA, you can make nondeductible contributions up to ... In this sense, the Roth IRA is similar to the standard nondeductible IRA ..."

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