NONTAXABLE
Dictionary entry overview: What does nontaxable mean? • NONTAXABLE (adjective)
The adjective NONTAXABLE has 1 sense:
1. (of goods or funds) not subject to taxation
Familiarity information: NONTAXABLE used as an adjective is very rare.
Dictionary entry details
• NONTAXABLE (adjective)
Meaning:
(of goods or funds) not subject to taxation
Synonyms:
nontaxable; exempt
Context examples:
the funds of nonprofit organizations are nontaxable / income exempt from taxation
Similar:
duty-free (exempt from duty)
tax-exempt; tax-free; untaxed ((of goods or funds) not taxed)
unratable (British)
Also:
exempt ((of persons) freed from or not subject to an obligation or liability (as e.g. taxes) to which others or other things are subject)
Antonym:
taxable ((of goods or funds) subject to taxation)
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