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exclude
(redirected from excludible)

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
exclude
Medtalk verb To rule out (from diagnostic consideration)


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Deposits: The IRS takes the position that gift card or certificate income is not a deposit that is excludible from income.
Under one scenario transfers are completed gifts to a designated beneficiary but, under section 102(c), transfers by or for an employer to, or for the benefit of, an employee are not excludible from income as gifts.
In this situation, the excludible amount of interest is based upon a fraction which must be applied to the total interest income.
 
 
 
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