Deductibile

Deductibile is an adjective used in Italian financial and legal language to describe an amount, expense, or loss that can be subtracted from another figure for calculation purposes. The term is used in Italian contexts and is often translated as “deductible” in English. It appears in both taxation and insurance discussions.

In taxation, deductible expenses reduce the tax base, lowering the income on which tax is calculated. The specifics vary by country and tax regime, with rules on which costs qualify, allowable amounts, and required documentation. Common examples include certain business costs, pension contributions, and some health or education expenses, all subject to statutory limits.

Deducibile and detraibile are related but distinct in Italian tax language: deducibile refers to amounts that reduce the tax base, while detraibile refers to reductions in the tax due after the base is established. The exact treatment depends on national law and the type of expense.

In insurance, deductible refers to the share of a claim that the insured must pay out of pocket before the insurer covers the remainder. Deductibles can be fixed sums or percentages and may apply per claim or per policy period. Choosing a higher deductible usually lowers insurance premiums, but increases potential out-of-pocket costs in a loss.

Because usage varies by jurisdiction and contract, the precise meaning of “deducibile” should be checked in the relevant law or policy. See also detrazione and franchigia for related concepts in tax and insurance contexts.