nontaxables
Tax-free goods category
Nontaxables are goods, services, or income exempt from taxation.
The term appears in accounting, retail, and tax contexts where distinguishing taxable from nontaxable items matters: Groceries are nontaxables in most states.
Also spelled non-taxables.
Conclusions from reasoning
- allowancesPermitted amounts or stipends
- creditsUnits toward graduation
- write-offsCancelled debts or expenses
- exclusionsThings deliberately left out
sheltered · exempt · duty-free · zero-rated · rebates · relief · threshold · brackets
Gifts to organizations
- contributionsThings given to help
- nonprofitsOrganizations without commercial aims
- endowmentsDonated assets yielding income
- foundationsStructural bases below ground
gifts · bequests · grants · philanthropy · beneficiaries · trusts · religious · educational
Consumable nourishment source
- staplesSmall metal paper-binders
- breadLeavened flour product
- milkMammalian nursing fluid
- produceMake or manufacture
vegetables · fruits · groceries · essentials · unprepared · raw · ingredients · necessities
Curative substance or practice
- prescriptionsAuthorized medication orders
- healthcareOrganized provision of treatment
- diapersInfant waste garments
- medical-equipmentInstruments for clinical care
wheelchairs · prosthetics · insulin · eyeglasses · crutches · bandages · vitamins · supplements
Ties that unite
- securitiesTradeable financial assets
- munisLocal government bonds
- interestAttention, stake, or fee
- yieldsGives forth results
investments · coupons · maturity · principal · issuance · revenue · portfolio · fixed-income
deductions
Conclusions from reasoning
- allowancesPermitted amounts or stipends
- creditsUnits toward graduation
- write-offsCancelled debts or expenses
exclusions · sheltered · exempt · duty-free · zero-rated · rebates · relief · threshold · brackets · loopholes
donations
Gifts to organizations
- contributionsThings given to help
- nonprofitsOrganizations without commercial aims
- endowmentsDonated assets yielding income
foundations · gifts · bequests · grants · philanthropy · beneficiaries · trusts · religious · educational · humanitarian
food
Consumable nourishment source
produce · vegetables · fruits · groceries · essentials · unprepared · raw · ingredients · necessities · flour
medicine
Curative substance or practice
- prescriptionsAuthorized medication orders
- healthcareOrganized provision of treatment
- diapersInfant waste garments
medical-equipment · wheelchairs · prosthetics · insulin · eyeglasses · crutches · bandages · vitamins · supplements · remedies
bonds
Ties that unite
- securitiesTradeable financial assets
- munisLocal government bonds
- interestAttention, stake, or fee
yields · investments · coupons · maturity · principal · issuance · revenue · portfolio · fixed-income · treasury