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Definition of Nondeductible
1. Adjective. Not allowable as a deduction.
Definition of Nondeductible
1. Adjective. that cannot be deducted for income tax purposes; and that tax has to be paid on ¹
¹ Source: wiktionary.com
Definition of Nondeductible
1. [adj]
Lexicographical Neighbors of Nondeductible
Literary usage of Nondeductible
Below you will find example usage of this term as found in modern and/or classical literature:
1. General Explanation of Tax Legislation Enacted in 1998: Report of the Joint edited by William Roth, Bill Archer (2000)
"An individual may make nondeductible contributions up to the lesser of $2000 or
100 percent of compensation to a Roth. IRA if the individual's AGI does not ..."
2. Description and Analysis of Tax Proposals Relating to Individual Saving and by Government Printing Office Staff, Joint Committee on Taxation, United States, Senate, Congress, Committee on Finance (1997)
"nondeductible contributions to tax-free IRA Plus accounts (sec. Ill of the bill)
Contributions to an IRA Plus account would be nondeductible. ..."
3. Successful Independent Consulting: Turn Your Career Experience Into a by Douglas Florzak (1999)
"If you qualify for a Roth IRA, you can make nondeductible contributions up to
... In this sense, the Roth IRA is similar to the standard nondeductible IRA ..."
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