Definition of «untaxed»

Untaxed refers to something or someone that is not subject to taxation. This means that it is exempt from paying taxes, either because it falls under a specific category that is excluded from taxation or because it has been granted an exemption by the government. In other words, untaxed implies being free from financial burden due to non-payment of taxes.

Phrases with «untaxed»

untaxed cigarettes
untaxed income
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Sentences with «untaxed»

Ann would previously have been entitled to a $ 2,000 offset for the $ 20,000 untaxed element of the reversionary pension that she includes in her assessable income. (ato.gov.au)
Tax credits can further increase the amount of untaxed income. (taxpolicycenter.org)
Distributions will count as untaxed income on the FAFSA, affecting the subsequent year's federal student aid eligibility. (finaid.org)
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