non-taxable
Not subject to taxation
Non-taxable describes income, goods, or transactions exempt from taxation.
Certain benefits like health insurance or municipal bond interest are non-taxable under federal law.
Her scholarship was non-taxable.
The distinction matters for financial planning—non-taxable income doesn't appear on tax returns the same way wages do.
Release from requirement
Giving to those needing
- donationVoluntary charitable gift
- contributionSomething given to help
- mortgageSecured home loan
- interestAttention, stake, or fee
medical · expenses · healthcare · childcare · tuition · alimony · FSA · depreciation
Employer-sponsored retirement savings
- IRATax-advantaged retirement fund
- RothIRA permitting tax-free withdrawals
- FSAThree-letter regulatory or benefits acronym
- 529Education investment account
retirement · tax-deferred · tax-exempt · pension · annuity · rollover
Item given freely
- inheritanceProperty received from ancestors
- bequestGift left by will
- scholarshipEducational funding or erudition
- fellowshipMutual goodwill among companions
grant · welfare · disability · rebate · stipend
exemption
Release from requirement
bracket · exclusion · limit · ceiling · cap · cutoff · phase-out
charitable
Giving to those needing
- donationVoluntary charitable gift
- contributionSomething given to help
- mortgageSecured home loan
interest · medical · expenses · healthcare · childcare · tuition · alimony · FSA · depreciation · mileage
401k
Employer-sponsored retirement savings
- IRATax-advantaged retirement fund
- RothIRA permitting tax-free withdrawals
- FSAThree-letter regulatory or benefits acronym
529 · retirement · tax-deferred · tax-exempt · pension · annuity · rollover
gift
Item given freely
- inheritanceProperty received from ancestors
- bequestGift left by will
- scholarshipEducational funding or erudition
fellowship · grant · welfare · disability · rebate · stipend
- tax-free incometax-free income, tax-exempt, Roth IRA, life insurance proceeds, child support
non-taxabletaxable
Subject to government levy
taxed · assessable · dutiable · leviable · chargeable