Dictionary

nondeductible en · ADJ

Etymology

From non- + deductible.

Meanings

1. (not-comparable) That cannot be deducted for income tax purposes, and that tax has to be paid on.
   • Since you fund a nondeductible IRA with already-taxed dollars, you might figure you wouldn't pay any income taxes on the conversion. 2012 July 31, Walter Updegrave, “'Should I convert my IRA into a Roth?'”, in CNN Money, archived from the original on 31 Jan 2023:

Translations (1)

fi vähennyskelvoton (that cannot be deducted for tax purposes)

nondeductible en · NOUN

Etymology

From non- + deductible.

Meanings

1. Any expense that cannot be deducted for income tax purposes.

Forms