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 Some $45 billion of tax-exempt bonds were issued in September and supply has remained strong in October as issuers pull forward deals before voters head to the polls, Mukherjee wrote. Michelle Fox, CNBC, 22 Oct. 2024 In distancing itself from the Michigan Catholic Tribune, the Archdiocese of Detroit noted that tax-exempt churches are not permitted under the Internal Revenue Code to be involved in partisan politics. Jennifer Smith Richards, ProPublica, 20 Oct. 2024 Donations from Lilly will go directly to the U.S. Fund for UNICEF, the tax-exempt organization that supports UNICEF’s global work. Unicef Usa, Forbes, 17 Oct. 2024 The new May 1, 2025, deadline applies to any individual, business or tax-exempt organization that has a valid extension to file their 2023 federal return. Kelly Phillips Erb, Forbes, 2 Oct. 2024 See all Example Sentences for tax-exempt 

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 31 Oct. 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

Last Updated: - Updated example sentences
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