Nontaxable
Definition, Meaning & Examples
Part of speech adjective
Quick meaning: Nontaxable is an adjective meaning Not subject to being taxed.
Meaning
Not subject to being taxed.
More Meanings
- Anything that is not subject to taxation.
Example Sentences
[…] It is going to be up to the taxpayer, if they receive a 1099 in any form for a nontaxable event, such as splitting rent among roommates, splitting a dinner bill, or even selling something on eBay for less than you paid for it, to explain to the IRS that the 1099 was received for a non-taxable transaction,” said Mark Luscombe, principal analyst for tax publisher Wolters Kluwer Tax & Accounting.
Word Forms
- non-taxable
- nontaxables
Synonyms for nontaxable
Depending on context, synonyms include exempt, duty-free, tax-exempt, tax-free, untaxed, unratable.
Antonyms for nontaxable
Common opposites include taxable.
Related Words
Related dictionary entries include tax-free, untaxed, tax-exempt, exempt, unratable, duty-free.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.