Meaning Of The Word Tax-exempt

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Tax-exempt Meaning

Tax-exempt Definition
Tax-exempt Definition

What's The Definition Of Tax-exempt?

tax exempt in Accounting 1
adjective: If an income or property is tax exempt, you do not have to pay tax on it.

tax exempt in Accounting 2
adjective: If an asset is tax exempt, it is earning income that is not subject to taxation.

tax-exempt
adjective: Income or property that is tax-exempt is income or property that you do not have to pay tax on.

tax-exempt in American English
exempt from taxation; that may not be taxed
adjective: not subject or liable to taxation
noun: a tax-exempt security

tax-exempt in British English
adjective: (of an income or property) exempt from taxation

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