nontaxable
Not requiring payment
Nontaxable describes income, assets, or transactions exempt from taxation: nontaxable benefits, nontaxable municipal bonds.
Certain types of compensation—health insurance, some retirement contributions, gift transfers below threshold amounts—are classified as nontaxable under tax codes.
The designation determines whether something must be reported or included when calculating tax liability.
Release from requirement
- statuteEnacted written rule
- complianceAdhering to requirements
- provisionPreparatory supply or clause
- codeSymbolic communication system
regulation · loophole · IRS · filing · threshold · exclusion · ruling · determination
Outermost edge or margin
- perquisiteBenefit beyond salary
- healthcareOrganized provision of treatment
- insuranceContractual risk coverage
- retirementLeaving the workforce permanently
pension · allowance · reimbursement · wellness · childcare · subsidy · transportation · housing
Giving to those needing
- donationVoluntary charitable gift
- write-offRecorded value reduction
- itemizeList by particulars
- mortgageSecured home loan
interest · medical · expenses · dependent · standard · adjustment · qualifying · allowable
Organization serving public good
- 501(c)(3)Nonprofit tax classification
- charityVoluntary aid for others
- foundationUnderlying support structure
- endowmentPermanent donated fund
religious · educational · humanitarian · philanthropy · grant · scholarship · bequest · donor
Attention, stake, or fee
- giftsItems freely given
- inheritanceProperty received from ancestors
- scholarshipsFunds awarded for study
- grantsAwarded funds for purposes
welfare · disability · veterans · reparations · rebates · dividends · qualified · exclusion
Tax-advantaged retirement savings account
- annuitiesPeriodic fixed payments
- qualifiedMeeting necessary standards
- rolloverVehicle flipping accident
- distributionAllocation across recipients
exemption
Release from requirement
- statuteEnacted written rule
- complianceAdhering to requirements
- provisionPreparatory supply or clause
code · regulation · loophole · IRS · filing · threshold · exclusion · ruling · determination · classification
fringe
Outermost edge or margin
- perquisiteBenefit beyond salary
- healthcareOrganized provision of treatment
- insuranceContractual risk coverage
retirement · pension · allowance · reimbursement · wellness · childcare · subsidy · transportation · housing · perk
charitable
Giving to those needing
mortgage · interest · medical · expenses · dependent · standard · adjustment · qualifying · allowable
nonprofit
Organization serving public good
- 501(c)(3)Nonprofit tax classification
- charityVoluntary aid for others
- foundationUnderlying support structure
endowment · religious · educational · humanitarian · philanthropy · grant · scholarship · bequest · donor · contribution
interest
Attention, stake, or fee
- giftsItems freely given
- inheritanceProperty received from ancestors
- scholarshipsFunds awarded for study
grants · welfare · disability · veterans · reparations · rebates · dividends · qualified · exclusion · threshold
401(k)
Tax-advantaged retirement savings account
- taxestaxes, withholding, VAT, GST, federal taxes
- exemptionsexemption, medical exemption, religious exemption, vaccine exemption