nontaxable

[non-tak-suh-buhl]

nontaxable Definition

not subject to taxation.

Using nontaxable: Examples

Take a moment to familiarize yourself with how "nontaxable" can be used in various situations through the following examples!

  • Example

    The interest earned on municipal bonds is nontaxable.

  • Example

    The company provides its employees with nontaxable benefits such as health insurance and retirement plans.

  • Example

    Gifts from family members are generally nontaxable.

nontaxable Synonyms and Antonyms

Synonyms for nontaxable

Antonyms for nontaxable

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Summary: nontaxable in Brief

The term 'nontaxable' [non-tak-suh-buhl] refers to something that is not subject to taxation. It is often used to describe income, benefits, or gifts that are exempt from taxes, such as 'The interest earned on municipal bonds is nontaxable.'