Nondeductible Tax

(redirected from Non-Deductible Tax)

Nondeductible Tax

A tax that is not allowed as a deduction on one's federal tax return. Income taxes paid to state and local authorities are deductible, but sales taxes (under most circumstances) are nondeductible.
References in periodicals archive ?
The Affordable Care Act's (ACA) "Cadillac tax" is a 40% non-deductible tax on the cost of employer-sponsored health coverage that exceeds certain thresholds.
Full browser ?