untaxable
Beyond the taxman
Untaxable describes income, assets, or transactions that cannot be subject to taxation.
Some earnings are untaxable by law—certain disability payments, gifts below threshold amounts, or income from tax-exempt bonds: The settlement was ruled untaxable.
The term appears in financial and legal contexts where tax liability is at issue.
Organization serving public good
- charityVoluntary aid for others
- charitableGiving to those needing
- churchPlace of Christian worship
- religiousOf faith or worship
educational · municipal · diplomatic · sovereign · embassy · consulate · humanitarian · philanthropy
Release from requirement
- allowanceFixed periodic payment
- deductionConclusion from premises
- standard deductionPreset tax-free income amount
- minimum incomeSmallest amount earned
poverty line · dependent · credit · phase-out · bracket · floor · ceiling · limit
Protected place or structure
- offshoreAway from land
- havenShelter from danger
- evasionAct of escaping detection
- avoidanceDeliberate keeping away
write-off · gray area · scheme · exploit · gap · oversight · ambiguity · maneuver
Local government debt securities
- Roth IRATax-advantaged retirement account
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- pensionRetiree's ongoing benefit
annuity · retirement account · education savings · treasury bonds · rollover · contribution
Item given freely
- inheritanceProperty received from ancestors
- allowanceFixed periodic payment
- subsistenceMinimal means of living
- welfareComfort and prosperity
benefit · stipend · scholarship · grant · alimony · child support · reparation · compensation
nonprofit
Organization serving public good
- charityVoluntary aid for others
- charitableGiving to those needing
- churchPlace of Christian worship
religious · educational · municipal · diplomatic · sovereign · embassy · consulate · humanitarian · philanthropy · foundation
exemption
Release from requirement
- allowanceFixed periodic payment
- deductionConclusion from premises
- standard deductionPreset tax-free income amount
minimum income · poverty line · dependent · credit · phase-out · bracket · floor · ceiling · limit
shelter
Protected place or structure
avoidance · write-off · gray area · scheme · exploit · gap · oversight · ambiguity · maneuver · artifice
municipal bonds
Local government debt securities
- Roth IRATax-advantaged retirement account
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
pension · annuity · retirement account · education savings · treasury bonds · rollover · contribution
gift
Item given freely
- inheritanceProperty received from ancestors
- allowanceFixed periodic payment
- subsistenceMinimal means of living
welfare · benefit · stipend · scholarship · grant · alimony · child support · reparation · compensation · life insurance proceeds
untaxabletaxable
Subject to government levy
taxed · assessable · dutiable · leviable · chargeable
tax, taxing, taxed, taxes, taxation, overtaxed, taxable, untaxed, nontaxable