nondeductible

English

Etymology

From non- +‎ deductible.

Adjective

nondeductible (not comparable)

  1. (finance) That cannot be deducted for income tax purposes, and that tax has to be paid on.
    • 2012 July 31, Walter Updegrave, “'Should I convert my IRA into a Roth?'”, in CNN Money‎[1]:
      Since you fund a nondeductible IRA with already-taxed dollars, you might figure you wouldn't pay any income taxes on the conversion.

Translations

Noun

nondeductible (plural nondeductibles)

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