Allowable (Adjective)
Meaning 1
Deductible according to the tax laws.
Classification
All adjective clusters.
Examples
- The accountant carefully reviewed the company's expenses to determine which ones were allowable deductions on their tax return.
- The new tax reform included provisions that made charitable donations an allowable deduction for individuals.
- The business owner was pleased to learn that the cost of her home office was an allowable expense on her tax return.
- The allowable deductions for mortgage interest and property taxes helped reduce the family's taxable income.
- The company's accountant ensured that all allowable deductions were claimed on the corporate tax return to minimize their tax liability.
Meaning 2
That may be permitted especially as according to rule; "permissible behavior in school"; "a permissible tax deduction".
Classification
All adjective clusters.
Synonyms
Meaning 3
Deserving to be allowed or considered.
Classification
All adjective clusters.