Nontaxable (Adjective)
Meaning
(of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation".
Classification
All adjective clusters.
Examples
- The nontaxable status of the charity allowed it to allocate more funds to its programs.
- As a result of the new policy, many low-income families received nontaxable government subsidies to help with their living expenses.
- The nontaxable portion of the employee's income included certain types of retirement contributions.
- The inheritance was considered nontaxable since it was left to a qualified educational institution.
- Donations to the disaster relief fund were designated as nontaxable to encourage more people to contribute.