"Exempt income" refers to money or earnings that are not subjected to taxation. It is income that is not included when calculating how much tax a person or entity owes.
Full definition
Synonyms for individual words can be found below.
«exempt»
«income»
Sentences with «exempt income»
- Of course they get tax exempt income to fund it. (religion.blogs.cnn.com)
- For 35 years, seniors have been able to claim the first $ 20,000 of pension or retirement income as exempt income. (syracuse.com)
- In some instances, it may be necessary to limit your tax - exempt income by shifting to other tax - advantaged investment areas. (ufcu.pfyfn.com)
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