tax-exempt income Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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

"tax-exempt income" in Business English

See all translations

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)
What is the pronunciation of tax-exempt income?
Add Cambridge dictionaries to your browser to your website
Word of the Day

carnival

(a special occasion or period of) public enjoyment and entertainment involving wearing unusual clothes, dancing, and eating and drinking, usually held in the streets of a city

Word of the Day

Chest pains and palpitations: talking about illness (2)
Chest pains and palpitations: talking about illness (2)
by Liz Walter,
February 03, 2016
My previous post (My leg hurts: Talking about illness (1)) presented some general vocabulary to use at the doctor’s. This one looks at some more specific areas of illness and explains some useful words and phrases that you may need to use or understand on a visit to the doctor’s. There are several

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More