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
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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.'
