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Nondeductible

Definition: Nondeductible, also known as deductible or non-reimbursable, is a term commonly used in the United States and some other countries to denote an expense that cannot be deducted from income. This means that it does not count towards your taxable income. In the context of tax law, nondeductible expenses are those that are considered "non-taxable" by the IRS (Internal Revenue Service) and therefore cannot be claimed as deductions on your federal income taxes. Examples include charitable donations,


nondeductible

Nondeductibility

Definition: Nondeductibility is a legal concept in accounting and taxation where an expense or deduction is not considered deductible by the IRS (Internal Revenue Service) for tax purposes. This means that an expense or deduction can be claimed but cannot be fully deducted from taxable income. In the context of taxes, nondeductible expenses are those that do not meet the requirements for deductibility under U.S. federal income tax laws. These include things like charitable contributions, donations to religious organizations, and certain types of gifts


nondeductibility