Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • adj. Not deductible, especially for income-tax purposes.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • adj. that cannot be deducted for income tax purposes; and that tax has to be paid on

from the GNU version of the Collaborative International Dictionary of English

  • adj. not allowable as a tax deduction. Opposite of deductible.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • adj. not allowable as a deduction

Etymologies

Sorry, no etymologies found.

Examples

  • They don't get a deduction because of the wife's high income, so it's called a nondeductible IRA.

    Forbes.com: News

  • She puts away $5,000, and he puts away $5,000 his IRA is based on her earning and called a nondeductible spousal IRA; otherwise you have to have earned income to contribute to an IRA.

    Forbes.com: News

  • These investors can open a " nondeductible " IRA, put in up to $5,000 — $6,000 if they ' re at least 50 — and immediately convert to a Roth IRA with little or no tax.

    Smart Year-End Tax Moves for Investors

  • Ms. Van Dusen tried to take the deductions on her 2004 tax return, but the IRS considered them nondeductible personal expenses and "wouldn't budge," said Ms. Van Dusen.

    Stray Cat Strut: Woman Beats IRS

  • In that case, part of each distribution is tax-free until you recover all your nondeductible contributions.

    Paying Taxes on IRAs

  • In TurboTax, when you enter information about IRA distributions reported to you on Form 1099-R, the software asks if you ever made nondeductible contributions.

    Paying Taxes on IRAs

  • But to the extent that you made some nondeductible contributions of money that had already been taxed, those dollars don't get taxed a second time when you pull them out.

    Paying Taxes on IRAs

  • Remind the attorney to prepare a bill that breaks down deductible and nondeductible charges.

    Julian Block: Legal Fees for a Divorce: What Is Or Is Not Deductible

  • These expenses are nondeductible even though they're partly incurred in arriving at a financial settlement or to combat a claim to income-producing property.

    Julian Block: Legal Fees for a Divorce: What Is Or Is Not Deductible

  • To minimize the short-term impact on government revenues, taxation would follow the Roth pattern of nondeductible contributions and tax-free withdrawals.

    Retirement Policy

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