deductible in a sentence
a.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Deductible refers to the amount of money that must be paid out-of-pocket by an insured individual before an insurance policy begins to cover costs or the expenses that can be subtracted from taxable income when calculating taxes.
Crossword clues for deductible
Crossword clue ideas and answer hints for the word "deductible".
- Amount paid before insurance covers costs
- Out-of-pocket expense before benefits start
- Tax-deducted expenses reduce taxable income
- Initial payment needed before insurance kicks in
- Cost subtracted from income for tax purposes
Deductible sentence examples
- The insurance policy has a high deductible that might make it less appealing to some customers.
- Many taxpayers are unsure about what expenses are considered deductible when filing their returns.
- In a typical health insurance plan, the deductible is the amount you must pay out of pocket before coverage kicks in.
- Employees often overlook the benefits of a flexible spending account, which allows for tax-deductible contributions.
- Before purchasing a new vehicle, it's wise to consider how the deductible will affect your overall insurance costs.