nondeductible

adjective

non·​de·​duct·​ible ˌnän-di-ˈdək-tə-bəl How to pronounce nondeductible (audio)
: not deductible
especially : not deductible for income tax purposes
a nondeductible contribution
nondeductibility noun

Examples of nondeductible in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Roth conversions transfer pretax or nondeductible IRA funds to a Roth IRA, which can begin tax-free growth. Kate Dore, Cfp®, CNBC, 13 Dec. 2024 The effective tax rate decreased to 21.7% from 31.2% in the previous year, primarily due to a nondeductible goodwill impairment and nondeductible mark-to-market charges recorded in the prior year period. Quartz Bot, Quartz, 8 Nov. 2024 Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can start tax-free growth. Kate Dore, Cfp®, CNBC, 29 Oct. 2024 This form is essential for reporting nondeductible contributions to your IRA and tracking the basis of your conversions. Jessica Ledingham, J.d., Ll.m., Forbes, 16 Oct. 2024 See all Example Sentences for nondeductible 

Word History

First Known Use

1943, in the meaning defined above

Time Traveler
The first known use of nondeductible was in 1943

Dictionary Entries Near nondeductible

Cite this Entry

“Nondeductible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nondeductible. Accessed 21 Dec. 2024.

Kids Definition

nondeductible

adjective
non·​de·​duct·​ible -di-ˈdək-tə-bəl How to pronounce nondeductible (audio)
: not deductible
especially : not deductible for income tax purposes
a nondeductible contribution
nondeductibility noun
Last Updated: - Updated example sentences
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