1
[ adjective ] deductible according to the tax laws

Used in print

(Your Federal Income Tax. 1962 Edition (Revised to...)

If you are a life_tenant , you deduct allowable depreciation and depletion .

If you are an income beneficiary of property held in trust or an heir , legatee , or devisee , you may deduct allowable depreciation and depletion , if not deductible by the estate or trust .

Deductible losses on sales or exchanges of property are allowable in determining your Adjusted_Gross_Income .

Related terms

deductible

2
[ adjective ] deserving to be allowed or considered

Related terms

admissible

3
[ adjective ] possible to allow

Synonyms

permitted

Examples

"a degree of freedom allowable among friends"

Related terms

permissible

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