Nondeductible (Adjective)
Meaning
Not allowable as a deduction.
Classification
All adjective clusters.
Examples
- The company's entertainment expenses were nondeductible, so they had to pay taxes on the full amount.
- The fines and penalties paid by the corporation were nondeductible and had to be paid out of pocket.
- The premiums paid for life insurance were nondeductible, but the benefits received were tax-free.
- The expenses related to the hobby were nondeductible, as they were not considered business-related.
- The nondeductible expenses, such as commuting costs, were not eligible for reimbursement.