What does nontaxable mean?
Nontaxable means Not subject to being taxed..
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Pronunciation varies by accent · adjective
Not subject to being taxed..
[…] 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.
Use nontaxable when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Nontaxable means Not subject to being taxed..
Common synonyms include exempt, duty-free, tax-exempt, tax-free.
Possible antonyms include taxable, nonexempt.
[…] 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.
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