adj
nondeductible
Nondeductible (adj) means not able to be subtracted when working out how much income tax is owed, so tax must still be paid on it.
adj
1
Not able to be subtracted when working out how much income tax is owed, so tax must still be paid on it.
"Since you fund a nondeductible IRA with already-taxed dollars, you might figure you wouldn't pay any income taxes on the conversion."
— Walter Updegrave, 'Should I convert my IRA into a Roth?' (2012)
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Etymology
Formed from non- and deductible.
Antonyms
Related words
Rhymes for nondeductible
See all rhymes for nondeductible →Frequently asked questions
What is the meaning of nondeductible?
"nondeductible" (adj) means not able to be subtracted when working out how much income tax is owed, so tax must still be paid on it.
What is the opposite of nondeductible?
The opposite of "nondeductible" is deductible.
