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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Whereas taxation of these services has until now been left to the discretion of the member states (five states apply this system), the Commission proposes that "use of this taxation should be a strategic choice for the companies concerned," which will thus reduce their exposure to the non-deductible tax.
In effect, non-deductible taxes would be redefined as deductible charitable contributions.
Full browser ?