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deductible /dɪˈdʌktəbəl/  

  • adjective
    able to be subtracted from an amount of money
    The trip was deductible as a business expense.
    All donations to charities are deductible. [=taxes do not have to be paid on money given to charities]
    plural -ibles
    [count] US :an amount of money that you have to pay for something (such as having your car fixed after an accident) before an insurance company pays for the remainder of the cost
    I have an insurance policy with a $1,000 deductible.