tax-exempt income Meaning in the Cambridge English Dictionary
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Meaning of “tax-exempt income” in the English Dictionary

"tax-exempt income" in Business English

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tax-exempt incomenoun [C or U]

uk   us   (also tax-free income) TAX
the ​part of someone's ​income on which no ​tax has to be ​paid: Tax-exempt ​income must be ​reported on a ​taxreturn.
(Definition of tax-exempt income from the Cambridge Business English Dictionary © Cambridge University Press)
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