tax-exempt

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tax-exempt

Municipal bonds are often tax-exempt investments.

Definition

  1. Adjective:

    • Not subject to taxation: Describes goods, funds, income, or securities that are legally free from being taxed by a government authority.

  2. Noun:

    • A security that is not subject to taxation: Refers to a specific financial instrument, such as a bond, whose interest payments are not taxed.
Usage Examples

  • Adjective:

    • The charity received a *tax-exempt status from the government.*
    • Many municipalities issue *tax-exempt bonds to fund public projects.*
    • Interest earned on these accounts is *tax-exempt.*

  • Noun:

    • Investors seeking steady income often include *tax-exempts in their portfolios.*
    • The yield on that *tax-exempt is very attractive for high-income earners.*
Advanced Usage
  • "tax-exempt income": Income, such as interest from municipal bonds, that is not included in gross income for tax purposes.
    • Her tax-exempt income includes interest from state bonds.
  • "tax-exempt organization": An organization, like a charity or religious institution, that is recognized as not being liable to pay taxes.
    • Donations to a tax-exempt organization are often deductible.
Variants and Related Words
  • Tax-exemption (n): The state of being exempt from tax.
    • The foundation applied for tax-exemption.
  • Tax-free (adj): Similar in meaning to tax-exempt, often used interchangeably in casual contexts, though sometimes with specific legal distinctions.
    • She bought tax-free goods at the airport duty-free shop.
Synonyms
  • Untaxed (adj): Not taxed.
  • Nontaxable (adj): Not subject to tax.
Related Phrases
  • Tax-advantaged: Describing an investment or account that has favorable tax treatment, which may include being tax-exempt, tax-deferred, or offering deductions.
    • A 401(k) is a tax-advantaged retirement account.
  • Tax-deferred (adj): Describing an investment where taxes are postponed until a later date, typically upon withdrawal. This is different from tax-exempt, where taxes are never applied.
    • Growth in this annuity is tax-deferred.
tax-exempt

Municipal bonds are often tax-exempt investments.

Adjective
  1. (of goods or funds) not taxed
    • tax-exempt bonds
    • an untaxed expense account
Noun
  1. a security that is not subject to taxation

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