nontaxable
1
4.2
- adjective
- /ˌnɒnˈtæksəbl/
- Specialized
:
no imponible
- If the dividends are nontaxable, the number of shares that are owned increases, but the basis remains unchanged.
- nontaxable benefits
Examples
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If his investments are in a nontaxable account, his dividends and capital gains need not be reported.
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"If his investments are in a nontaxable account, his dividends and capital gains need not be reported."
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A return of capital is a nontaxable return of a portion of an investment.
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You will save money since the income put into this account is nontaxable.
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Or they are in the military and received nontaxable compensation for their service to our country.
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It is possible to receive both taxable and nontaxable stock dividends.
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Suppose, for example, that an investor has 100 shares of XYZ Corporation at a cost of $1,000 ($10 per share), and the corporation distributes to him a $100 nontaxable return of capital.
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The Tax Policy Center says "relatively few nontaxable households" have incomes exceeding $100,000; families that make between $50,000 and $100,000 often owe no income tax because of breaks for their kids and for education.
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Any earnings from the sale of government bonds are considered nontaxable income.
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You can donate nontaxable gifts up to a certain limit without having to worry about taxation.
Synonyms
27
2.9
The government does not take money from something you buy or money you earn
15
4.6
You do not have to pay tax on income or a purchase
2
4.4
Not having money paid to the government for goods or money you get
1
5.0
Not required by law to pay tax
Antonyms
How Taxable
22
3.7
- Specialized
1
4.2
Surface Forms
Morphology
Etymology
The word nontaxable breaks into non- meaning 'not' and taxable meaning 'able to be taxed', with tax meaning 'a government charge'. So nontaxable simply means 'not subject to tax'.