nontaxable meaning and definition

Definition and meaning of nontaxable at MeaningMonkey.org. nontaxable meaning and definition in the English Dictionary.

NONTAXABLE adjective

Definition of nontaxable (adjective)

(of goods or funds) not subject to taxation
- "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation"
- synonyms: exempt
- antonym: nonexempt

Source: Princeton University Wordnet

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