nontaxable (Meaning)
Wordnet
nontaxable (a)
(of goods or funds) not subject to taxation
Synonyms & Antonyms of nontaxable
No Synonyms and anytonyms found
nontaxable Sentence Examples
- The nontaxable portion of my retirement savings helped secure my financial future.
- The charitable donations I made are nontaxable, reducing my overall tax burden.
- Certain types of bonds offer nontaxable interest, making them attractive investment options.
- Municipal bonds often provide nontaxable income, benefiting investors in specific geographical areas.
- The proceeds from life insurance policies are generally nontaxable, providing financial protection for beneficiaries.
- Realized gains on the sale of personal residences may be partially or fully nontaxable, under certain eligibility requirements.
- Nontaxable scholarships and fellowships provide financial assistance to students without increasing their tax liability.
- Nontaxable income, such as certain types of disability benefits, can supplement other sources of income.
- Nontaxable employee benefits, like employer-provided health insurance, can reduce out-of-pocket expenses for individuals.
- The nontaxable status of certain income sources allows individuals to retain more of their earnings.
FAQs About the word nontaxable
(of goods or funds) not subject to taxation
No synonyms found.
No antonyms found.
The nontaxable portion of my retirement savings helped secure my financial future.
The charitable donations I made are nontaxable, reducing my overall tax burden.
Certain types of bonds offer nontaxable interest, making them attractive investment options.
Municipal bonds often provide nontaxable income, benefiting investors in specific geographical areas.
