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

business-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 tax return.

(Definition of “tax-exempt income” from the Cambridge Business English Dictionary © Cambridge University Press)