Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “tax-exempt income”

tax-exempt income

noun [C or U]
 
 
(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)
What is the pronunciation of tax-exempt income?
Add Cambridge dictionaries to your browser to your website

Word of the Day

look on the bright side

to find good things in a bad situation

Word of the Day

The language of work

by Kate Woodford,
October 15, 2014
Most of us talk about our jobs. We tell our family and friends interesting or funny things that have happened in the workplace (=room where we do our job), we describe – and sometimes complain about – our bosses and colleagues and when we meet someone for the first time, we tell

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More