taxable

adjective

Pronunciation: /ˈtæksəbl/

Definition

Subject to the payment of a tax imposed by a government authority.

Examples

• Most interest earned on savings accounts is taxable income.

• The government decided that certain luxury goods would be taxable starting next year.

• Consult your accountant to determine which of your business expenses are not taxable.

Synonyms of taxable

Words with a similar meaning to taxable:

• dutiable
• assessable
• liable

Antonyms of taxable

Words with the opposite meaning to taxable:

• tax-free
• exempt

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