nontaxable

See also: non-taxable

English

Alternative forms

Etymology

From non- +‎ taxable.

Adjective

nontaxable (not comparable)

  1. Not subject to being taxed.
    • 2021 November 9, Jeanne Sahadi, “If you use Venmo, PayPal or other payment apps this tax rule change may affect you”, in CNN‎[1]:
      […] It is going to be up to the taxpayer, if they receive a 1099 in any form for a nontaxable event, such as splitting rent among roommates, splitting a dinner bill, or even selling something on eBay for less than you paid for it, to explain to the IRS that the 1099 was received for a non-taxable transaction,” said Mark Luscombe, principal analyst for tax publisher Wolters Kluwer Tax & Accounting.

Noun

nontaxable (plural nontaxables)

  1. Anything that is not subject to taxation.
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