Definition

Not subject to taxation or not required to pay taxes.

Example

Certain types of income, like gifts, can be considered nontaxable.

Conversation

Did you know that some income can be nontaxable?

Really? I didn't know that existed.

Yeah, things like certain gifts or inheritances can be nontaxable under specific conditions.

That’s good to know! I should look into it for my future plans.

Synonyms & Antonyms

Root Explanation

Nontaxable → It is formed from "non-" (meaning not) and "taxable" (from Latin "taxare", meaning to assess or estimate). The word "nontaxable" means not subject to assessment or taxation.

Memory Tip

Think of 'non-' meaning not, and 'taxable' meaning subject to tax — so nontaxable means something that is not subject to tax.

Visually Confused Words