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Vinony

nondeductible

adjective

No English definition recorded for this entry.

L338707 on Wikidata ↗

Wiktionary

adj

Etymology: Etymology tree English non- English deductible English nondeductible From non- + deductible.

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

    “Since you fund a nondeductible IRA with already-taxed dollars, you might figure you wouldn't pay any income taxes on the conversion.”

noun

Etymology: Etymology tree English non- English deductible English nondeductible From non- + deductible.

  1. Any expense that cannot be deducted for income tax purposes.