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Definitions from the Web

Tax-Deductible

Definition: Referring to any expense or donation that can be deducted from taxable income, reducing the amount of taxes owed.

Part of Speech: Adjective

Sense:

1. Allowable as a deduction for tax purposes.
2. Eligible for reducing taxable income.

Usage:

1. The cost of business-related travel is considered tax-deductible by the IRS.
2. Donations to registered charities are often tax-deductible, providing an incentive for philanthropy.

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