tax-exempt

adjective

tax-ex·​empt ˌtaks-ig-ˈzem(p)t How to pronounce tax-exempt (audio)
1
: exempted from a tax
2
: bearing interest that is free from federal or state income tax

Examples of tax-exempt in a Sentence

Recent Examples on the Web But the foundation’s executive committee ignored Kennerly’s recommendation and passed over Cheney — even after others declined the award — citing concerns that, as a possible 2024 presidential candidate, her selection could imperil the group’s tax-exempt status. Mark Z. Barabak, Los Angeles Times, 11 Apr. 2024 The foundation was also temporarily tax-exempt until 1977, due to its charitable and religious nature, according to the documentary. Audrey Conklin, Fox News, 7 Apr. 2024 Twenty-five of the last 28 Payton award winners have founded a tax-exempt organization since 1999, when the prize was named for the former Chicago Bears star. Wyatt Buchanan, The Arizona Republic, 5 Apr. 2024 The organization, which has been tax-exempt just since January, hasn't yet filed documentation with the Internal Revenue Service that shows all of the people involved. Journal Sentinel, 4 Apr. 2024 Ptolemy declared the temples tax-exempt to curry their favor. Kate McMahon, Smithsonian Magazine, 3 Apr. 2024 The suit was dropped, but Synanon could not regain public favor, closing down after the IRS revoked the group’s tax-exempt status in 1982. Olivia B. Waxman, TIME, 1 Apr. 2024 The tax-equivalent yield calculation provides a simple framework to compare a tax-exempt bond to a taxable bond. Chris Gunster, Forbes, 27 Mar. 2024 But for tax-exempt hospitals, the financial benefits can be twofold. MORE: Medical debt in US associated with worse physical and mental health, premature death: Study Concierge fees provide new revenue directly and serve as a tool to help recruit and retain physicians. Phil Galewitz | Kff Health News, ABC News, 29 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax-exempt.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1923, in the meaning defined at sense 1

Time Traveler
The first known use of tax-exempt was in 1923

Dictionary Entries Near tax-exempt

Cite this Entry

“Tax-exempt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax-exempt. Accessed 25 Apr. 2024.

Legal Definition

tax-exempt

adjective
1
: exempted from taxation
also : based on such exemption
tax-exempt status
2
: providing interest or income that is exempted from taxation
a tax-exempt municipal bond

More from Merriam-Webster on tax-exempt

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