nontaxable

adjective

non·​tax·​able ˌnän-ˈtak-sə-bəl How to pronounce nontaxable (audio)
: not liable to taxation : not taxable
nontaxable income
nontaxable insurance benefits

Examples of nontaxable in a Sentence

Recent Examples on the Web The county receives Payments in Lieu of Taxes funding from the federal government to offset property taxes lost from nontaxable federal lands. Jack Armstrong, Wajeeha Kamal, Maya Moore and Shealyn Paulis, Detroit Free Press, 26 Mar. 2024 The requirements don’t apply to nontaxable personal transactions such as birthday or holiday gifts, sharing the cost of a ride or meal, or paying a family member for a household bill, the IRS noted. The Arizona Republic, 9 Jan. 2024 It's taxed based on a formula: add your adjusted gross income (AGI), nontaxable interest (think municipal bonds), and 50% of your SS benefits. Kelly Phillips Erb, Forbes, 17 Feb. 2024 Distributions spent on qualified education expenses are nontaxable, as with 529 plans, but the account must be emptied by the beneficiary’s 30th birthday. Tanza Loudenback, wsj.com, 15 Dec. 2023 Watching the yield differential between taxable and nontaxable bonds is a valuable practice the top one-percent investors do, or hire an expert to do. Nicole Gull McElroy, Fortune, 13 July 2023 Employer contributions to health insurance are nontaxable compensation. Brian Blase, Forbes, 20 Oct. 2021 The first $10,200 of unemployment benefits per resident — $20,400 for those married and filing jointly — are now nontaxable for returns with an adjusted gross income of less than $150,000, according to a retroactive provision included in the American Rescue Plan Act of 2021. Jenny Whidden, chicagotribune.com, 12 May 2021 But certain commercial uses of these fuels are nontaxable. Michelle Singletary, Washington Post, 31 Mar. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'nontaxable.' 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

1827, in the meaning defined above

Time Traveler
The first known use of nontaxable was in 1827

Dictionary Entries Near nontaxable

Cite this Entry

“Nontaxable.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nontaxable. Accessed 26 May. 2024.

Last Updated: - Updated example sentences
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