What does nontaxable mean?
Definitions for nontaxable
non·tax·able
This dictionary definitions page includes all the possible meanings, example usage and translations of the word nontaxable.
Princeton's WordNet
nontaxable, exemptadjective
(of goods or funds) not subject to taxation
"the funds of nonprofit organizations are nontaxable"; "income exempt from taxation"
Wiktionary
nontaxableadjective
Not subject to being taxed.
ChatGPT
nontaxable
Nontaxable refers to any income, financial transaction, item, or activity that is not subject to taxation by the government authorities. It is exempt from taxes due to laws established by a tax authority, such as goods purchased for certain uses, specific types of organizations, or certain types of income. The rules and regulations for what is considered nontaxable often vary by jurisdiction.
Numerology
Chaldean Numerology
The numerical value of nontaxable in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of nontaxable in Pythagorean Numerology is: 9
Examples of nontaxable in a Sentence
These third-party settlement entities may not know for sure if they are dealing with a business or an individual or if they are dealing with a payment for goods or services, or a non-taxable transaction. It is going to be up to the taxpayer, if they receive a 1099 in any form for a nontaxable event, such as splitting rent among roommates, splitting a dinner bill, or even selling something on eBay for less than you paid for it, to explain to the IRS that the 1099 was received for a non-taxable transaction.
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"nontaxable." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/nontaxable>.
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