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tax-exempt

tax-exempt

15 4.6
You do not have to pay tax on income or a purchase
  • adjective
  • /tæks ɪɡˈzɛmpt/
translation icon : exento de impuestos
  • Many nonprofit organizations operate with a tax-exempt status, allowing them to allocate more funds to their charitable activities.
  • tax-exempt status
  • tax-exempt organizations

If you have a properly structured foundation, a foundation is tax exempt, IRS tax exempt.

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Examples

  • The SOI is based on an annual, nationally representative sample of tax-exempt organizations.

    Blog text (6)

  • Losing tax-exempt status is only one risk to nonprofit organizations that stray off course.

    Academic text (2004)

  • Also, you will be tax-exempt.

    Family Evils (2025)

  • School officials listed the property on its tax-exempt application, and the town approved.

    Blog text (24)

  • Your entire income is basically tax-exempt with your personal and child deductions.

    Blog text (13)

  • Such activities could lead to the revocation of the organization's tax-exempt status.

    Academic text (2004)

  • For example, as a federal agency, the BPA's income and properties have always been tax-exempt.

    Academic text (1992)

  • Legislators, local tax agencies, and communities must somehow be instructed on why the tax-exempt status of the institution should be continued.

    Academic text (2001)

  • Most organizations also must timely seek a determination letter from the IRS acknowledging that they qualify for tax-exempt status.

    Academic text (2007)

  • The Church of Jesus Christ of Latter-day Saints, like other denominations with tax-exempt status, does not endorse candidates.

    Blog text (9)

Synonyms

exempt
vstax-exempt
71 4.4

Not required to do something others must do, for example paying tax

applies only to not having to pay a government charge
tax-free
vstax-exempt
27 2.9

The government does not take money from something you buy or money you earn

is the standard legal label rather than informal wording
untaxed
vstax-exempt
2 4.4

Not having money paid to the government for goods or money you get

specifies they are legally not required to pay any such fee
nontaxable
vstax-exempt
  • Specialized
1 4.2

The government does not make you pay money for it

is the general expression without stressing legal phrasing
untaxable
vstax-exempt
1 5.0

Not required by law to pay tax

is broader, meaning simply not subject to such charges

Antonyms

taxable
22 3.7

That you must pay tax on

How Taxable

taxable
22 3.7
non-tax
3.7
tax-exempt
15 4.6

Surface Forms

tax-exempt positive

Morphology

tax-exempt = tax + exempt (transparent) = tax + exempt

The compound combines the noun 'tax' and adjective 'exempt' in a straightforward way meaning 'exempt from tax', which learners can derive from the parts.

Etymology

Tax-exempt breaks into tax and exempt, where ex- means 'out' (like exit) and empt means 'taken'. So it is like 'taken out of tax', which is why tax-exempt describes something that is not required to pay tax.