nontaxable

adjective

non·tax·able ˌnän-ˈtak-sə-bəl

: 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 See all Example Sentences for nontaxable

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.