nondeductible — ondeductible adj. not allowable as a tax deduction; as, political contributions are nondeductible. Opposite of {deductible}. [WordNet 1.5] … The Collaborative International Dictionary of English
nondeductible terminable interest rule — non·de·duc·ti·ble terminable interest rule /ˌnän di dək tə bəl / n: a rule in estate tax law: the value of a property interest that passes to a surviving spouse may not be deducted if it passes from the surviving spouse to another person for less … Law dictionary
nondeductible — adjective Date: 1943 not deductible; especially not deductible for income tax purposes < a nondeductible contribution > • nondeductibility noun … New Collegiate Dictionary
nondeductible — adjective not allowable as a deduction • Ant: ↑deductible * * * “+ adjective Etymology: non (I) + deductible : not deductible; especially : not deductible for income tax purposes … Useful english dictionary
nondeductible — adjective that cannot be deducted for income tax purposes; and that tax has to be paid on … Wiktionary
nondeductible contribution — A contribution to either a traditional IRA or Roth IRA. income tax is due on the contribution in the tax year for which the contribution is made. Bloomberg Financial Dictionary … Financial and business terms
nondeductible — non•de•duc•ti•ble [[t]ˌnɒn dɪˈdʌk tə bəl[/t]] adj. 1) not able to be deducted 2) not allowable as a tax deduction • Etymology: 1940–45 … From formal English to slang
nondeductible — /ˌnɒndɪ dʌktɪb(ə)l/ adjective which cannot be deducted from income tax … Dictionary of banking and finance
Transfer Tax — Any kind of tax that is levied on the transfer of official documents or other property. Transfer tax is paid by the seller of the property. Gift and estate taxes are both transfer taxes. Transfer tax is also known as excise tax in some states.… … Investment dictionary
Uniform Transfer Tax — A combination of federal estate taxes and federal gift taxes. Uniform transfer tax taxes the transfer of assets from the death of a person to their chosen beneficiary as well as when assets are transfered from one individual to another without… … Investment dictionary
Form 8606 — A tax form distributed by the Internal Revenue Service (IRS) and used by filers who make nondeductible contributions to an IRA. A separate form should be filed for each tax year that nondeductible contributions are made. Form 8606 is also… … Investment dictionary