What does tax-free mean?
Tax-free means exempt from taxation.
Looking up this word…
Checking saved dictionary data and trusted language sources. This will stop automatically if a source does not respond.
Checking saved dictionary data and trusted language sources. This will stop automatically if a source does not respond.
Pronunciation varies by accent · adjective
exempt from taxation.
If your income qualifies you to contribute to a Roth IRA, you can contribute up to $7,000 this year ($8,000 if you’re at least 50) with after-tax savings. That money will grow untaxed until retirement, at which point your withdrawals will be tax-free and penalty-free after age 59-1/2, assuming the account has been open for at least five years.
Use tax-free when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Tax-free means exempt from taxation.
Common synonyms include exempt, tax-exempt, untaxed, nontaxable.
The opposite depends on the specific sense.
If your income qualifies you to contribute to a Roth IRA, you can contribute up to $7,000 this year ($8,000 if you’re at least 50) with after-tax savings. That money will grow untaxed until retirement, at which point your withdrawals will be tax-free and penalty-free after age 59-1/2, assuming the account has been open for at least five years.
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.