tax-exempt
Legally avoiding levies
Tax-exempt describes income, property, or organizations that are not subject to taxation.
Nonprofit charities, religious institutions, and certain educational organizations typically hold tax-exempt status, meaning they pay no income tax on funds used for their stated purposes.
Certain types of income, such as interest from municipal bonds, may also be tax-exempt for investors.
The foundation applied for tax-exempt status with the IRS.
The designation comes with restrictions on how the entity operates and uses its funds.
Nonprofit tax classification
- foundationUnderlying support structure
- charityVoluntary aid for others
- philanthropyGenerous giving for others
- endowmentPermanent donated fund
donations · grants · fundraising · advocacy · humanitarian · community · outreach · NGO
Conclusion from premises
- IRSFederal tax collector
- documentationWritten proof or instructions
- eligibilityState of meeting criteria
- qualifyingMeeting required criteria
write-off · compliance · status · certification · application · threshold · reporting
Tradeable financial assets
- yieldProduce or relinquish
- interestAttention, stake, or fee
- dividendsProfits paid to shareholders
- portfolioCollected works or assets
money-market · pension · annuities · 401(k) · income
Local governing district
- federalDivided governmental authority
- stateCondition or mode
- localOf this area
- embassyOfficial diplomatic residence abroad
consulate · sovereign · diplomatic · tribal · intergovernmental
501(c)(3)
Nonprofit tax classification
- foundationUnderlying support structure
- charityVoluntary aid for others
- philanthropyGenerous giving for others
endowment · donations · grants · fundraising · advocacy · humanitarian · community · outreach · NGO · volunteer
deduction
Conclusion from premises
- IRSFederal tax collector
- documentationWritten proof or instructions
- eligibilityState of meeting criteria
qualifying · write-off · compliance · status · certification · application · threshold · reporting
securities
Tradeable financial assets
portfolio · money-market · pension · annuities · 401(k) · income
municipality
Local governing district
embassy · consulate · sovereign · diplomatic · tribal · intergovernmental
- tax strategieswrite-offs, deductions, exemptions, itemized deductions, Roth IRA
- tax terms1040, W-2, 1099, W-4, withholding
- tax-free incomeRoth IRA, life insurance proceeds, child support, inheritances, gifts
- investment taxescapital gains, dividends, investment income, capital losses, capital loss
- nonprofit accounting501(c)(3), charitable giving, in-kind donations, in-kind gifts, donor-advised funds
- philanthropydonations, charity work, donate, give, giving
tax-exempttaxable
Subject to government levy
nonexempt · taxed · assessable · dutiable · chargeable
tax, taxing, taxes, exempt, taxation, exemption, taxable, untaxed, nontaxable