tax-exempt income - definition in the Business English Dictionary - Cambridge Dictionaries Online (US)

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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)
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