tax-free
No government cut
Tax-free describes income, goods, or transactions exempt from taxation: tax-free municipal bonds, tax-free savings accounts.
A tax-free shop at an airport sells goods without local duties.
The term often appears in financial and investment contexts where the exemption is a selling point: The inheritance was tax-free up to a certain amount.
Point of beginning
- allowanceFixed periodic payment
- deductionConclusion from premises
- waiverFormal surrender of rights
- reliefEasing of distress
rebate · credit · exclusion · income limit · dependent · filing status · standard deduction · itemized
Acquiring goods at retailers
- airportAviation passenger facility
- customsTraditional practices or import taxes
- importObtain from overseas
- exportForeign-bound sale
tourist · travel · international · luxury · perfume · alcohol · cigarettes · chocolate
Local government debt securities
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- Roth IRATax-advantaged retirement account
- ETFsExchange-listed investment baskets
bonds · securities · dividends · capital gains · interest · portfolio · annuities · brokerage
Retiree's ongoing benefit
- Social SecurityFederal old-age insurance program
- superannuationRetirement savings scheme
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
Roth IRA · annuity · nest egg · seniors · Medicare · estate planning · inheritance · bequest
Voluntary aid for others
- donationVoluntary charitable gift
- 501(c)(3)Nonprofit tax classification
- philanthropyGenerous giving for others
- endowmentPermanent donated fund
foundation · gift · contribution · bequest · grant · aid · religious organization · educational institution
threshold
Point of beginning
relief · rebate · credit · exclusion · income limit · dependent · filing status · standard deduction · itemized · loophole
shopping
Acquiring goods at retailers
- airportAviation passenger facility
- customsTraditional practices or import taxes
- importObtain from overseas
export · tourist · travel · international · luxury · perfume · alcohol · cigarettes · chocolate · souvenirs
municipal bonds
Local government debt securities
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- Roth IRATax-advantaged retirement account
ETFs · bonds · securities · dividends · capital gains · interest · portfolio · annuities · brokerage · index funds
pension
Retiree's ongoing benefit
- Social SecurityFederal old-age insurance program
- superannuationRetirement savings scheme
- 401(k)Tax-advantaged retirement savings account
IRA · Roth IRA · annuity · nest egg · seniors · Medicare · estate planning · inheritance · bequest · withdrawal
charity
Voluntary aid for others
- donationVoluntary charitable gift
- 501(c)(3)Nonprofit tax classification
- philanthropyGenerous giving for others
endowment · foundation · gift · contribution · bequest · grant · aid · religious organization · educational institution · public benefit
- hyphenated wordsup-to-date, pitch-black, jaw-dropping, round-the-clock, air-conditioned
- tax breaksexemption, exemptions, deduction, standard deduction, education credit
- tax terms1040, W-2, 1099, W-4, taxable income
- taxeswithholding, VAT, GST, customs duty, FICA
- price wordscheap, expensive, costly, affordable, pricey
- travel souvenirssouvenirs, postcards, magnets, keychains, t-shirts