The difference between Deductible and Nondeductible
When used as nouns, deductible means an amount of expenses that must be paid out of pocket before an insurer will pay further expenses, whereas nondeductible means any expense that cannot be deducted for income tax purposes.
When used as adjectives, deductible means eligible to be deducted, whereas nondeductible means that cannot be deducted for income tax purposes, and that tax has to be paid on.
check bellow for the other definitions of Deductible and Nondeductible
-
Deductible as an adjective:
Eligible to be deducted.
-
Deductible as a noun (US, insurance):
An amount of expenses that must be paid out of pocket before an insurer will pay further expenses.
-
Nondeductible as an adjective (finance):
That cannot be deducted for income tax purposes, and that tax has to be paid on.
-
Nondeductible as a noun (finance):
Any expense that cannot be deducted for income tax purposes.