[
US
/nɑnˈtæksəbəɫ/
]
ADJECTIVE
-
(of goods or funds) not subject to taxation
the funds of nonprofit organizations are nontaxable
income exempt from taxation
How To Use nontaxable In A Sentence
- the funds of nonprofit organizations are nontaxable
- For instance, stock options for employees are nontaxable. The Scientist
- A supercenter is a big-box retailer with more than 90,000 square feet and more than 10 percent of floor space dedicated to nontaxable items, such as groceries and prescription drugs. Fore, right!
- If you're settling an employment suit, there might be some wages (with withholding of taxes and reported on a Form W-2); some nonwage emotional distress damages (taxable, but not wages, so reported on a Form 1099); some reimbursed business expenses (usually nontaxable, unless the employee had deducted them); some pension or fringe benefit payments (usually nontaxable); and so on. 10 Things To Know About Taxes On Damages
- The funds of nonprofit organizations are nontaxable.