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nontaxable

nontaxable
Adjective

This term is primarily used in legal, accounting, and financial contexts to describe income or benefits that the government does not levy taxes upon. It carries a neutral, technical tone and is most frequently encountered in employment contracts, tax codes, and payroll documentation.

Because it describes a legal status of exemption, it is often contrasted with taxable income. It refers to the inherent nature of the asset or payment rather than a temporary waiver, implying a permanent classification under current tax law.

Meanings

Adjectivenontaxable

Not subject to taxation or exempt from being taxed.

The employee received a nontaxable allowance for travel expenses.

Examples

Some of the benefits provided by the company are nontaxable.

Some of the benefits provided by the company are nontaxable.

Business

Is this specific type of income nontaxable under the current law?

Office

I wonder if these municipal bonds are truly nontaxable.

I wonder if these municipal bonds are truly nontaxable.

The scholarship funds are nontaxable as long as they are used for tuition.

The scholarship funds are nontaxable as long as they are used for tuition.

School Life

You should check if that gift is considered nontaxable.

You should check if that gift is considered nontaxable.

The accountant confirmed that the reimbursement is nontaxable.

The accountant confirmed that the reimbursement is nontaxable.

Office

Certain government grants are nontaxable for research purposes.

Certain government grants are nontaxable for research purposes.

Business

Wait, you mean this entire amount is nontaxable?

Wait, you mean this entire amount is nontaxable?

The policy ensures that the disability payment remains nontaxable.

Health

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Última actualización: May 2026Reportar un error