How to Use nontaxable in a Sentence

nontaxable

adjective

• The easiest way to convert such income to a nontaxable form is to move it into a Roth account.
  — Wendy Connick, USA TODAY, 29 Dec. 2017
• The solution is for the state to allow all of the registers to distinguish a hot cup of bean soup (taxable) from a cold can of beans (nontaxable).
  — Sean P. Murphy, BostonGlobe.com, 18 Apr. 2018
• The case for treating these mansions as a nontaxable fringe benefit has always been weak.
  — WSJ, 14 Oct. 2018
• The Senate’s passage of burn pits legislation last month on an 84-14 vote hit a snag over a line on nontaxable benefits.
  — Diego Areas Munhoz, Fortune, 28 July 2022
• The trick is to convert some, or all, of your taxable income to nontaxable income so that it's not factored into your combined income.
  — Wendy Connick, USA TODAY, 29 Dec. 2017
• Any property that is converted from taxable to nontaxable by the university in the next six years will be covered under the commitment.
  — Seamus McAvoy, courant.com, 17 Nov. 2021
• The aid helps districts offset property tax revenue that is lost because of nontaxable federal land, such as a military base.
  — Valerie Strauss, Washington Post, 10 Apr. 2018
• The remainder was made up of retirement and nontaxable benefits.
  — Carlos Mendez, star-telegram, 3 May 2017
• For example, states such as Delaware are nontaxable, and often can draw the attention of first-time entrepreneurs, but doing so is not recommended.
  — Karla Dennis, Forbes, 27 Jan. 2023
• The commission thought this left the taxable operating company with too little profit and the nontaxable partnership, which in this case didn't even have any employees, with too much profit.
  — Tax Notes Staff, Forbes, 25 May 2021
• The city envisioned a tax increment financing district that would generate new tax dollars, but McDonald said using nontaxable land at the center of such a proposal would doom the success of that goal from the start.
  — Jim Riccioli, Milwaukee Journal Sentinel, 15 Feb. 2018
• That could change, as some states may eventually side with the federal government's decision to make the debt relief nontaxable, but borrowers may want to consult their tax preparers in the meantime, the group noted.
  — Khristopher J. Brooks, CBS News, 31 Aug. 2022
• In addition, to remain nontaxable, the funds must be used to pay for medical expenses, such as doctor or hospital care, dental services and prescriptions.
  — Michelle Andrews, Kaiser Health News, 14 July 2017
• After all, a property settlement in a divorce is clearly nontaxable.
  — Robert W. Wood, Forbes, 11 Oct. 2021
• People receiving nontaxable income, would still get checks.
  — NBC News, 26 Mar. 2020
• Amounts less than $5,000 paid under a qualified plan are considered nontaxable benefits.
  — Kelly Phillips Erb, Forbes, 9 Feb. 2023
• These are people who filed returns before mid-March, when the American Rescue Plan made some unemployment benefits nontaxable.
  — Irina Ivanova, CBS News, 10 June 2021
• Making your income nontaxable For most retirees, the biggest source of taxable income is a retirement savings account, often a traditional IRA or 401(k).
  — Wendy Connick, USA TODAY, 29 Dec. 2017
• Most also favor tax policies to encourage long-term care planning, including tax breaks to encourage saving for long-term care and the ability to use nontaxable accounts like 401(k)s and IRAs to pay for long-term care insurance premiums.
  — Emily Swanson, The Seattle Times, 26 May 2017
• Half of the city's real estate is made up of government buildings, educational facilities or hospitals -- all of which are nontaxable.
  — Jonathan Wynn, CNN, 19 Oct. 2017
• But the executive order cuts funding for reimbursements of nontaxable property and other payments by $67 million in New Haven.
  — Joseph De Avila, WSJ, 2 Oct. 2017
• The bill, which also includes provisions to help welfare recipients with liens on their properties and to steer more funding to communities with nontaxable property, cleared the Senate by a bipartisan vote of 28-7.
  — From Usa Today Network and Wire Reports, USA TODAY, 27 May 2020
• People can receive nontaxable gifts or spend money on deductible business expenses, for example.
  — Richard Rubin, WSJ, 29 Apr. 2021
• To determine if your benefit is taxable, add up your gross income, nontaxable interest income and half of your Social Security benefit.
  — Mark Miller, New York Times, 2 Aug. 2019
• Combined income is your adjusted gross income plus your nontaxable interest plus one-half of your Social Security benefits.
  — Robert Powell, USA TODAY, 3 June 2021
• Medical customers are not taxed because medication is nontaxable.
  — Susan Dunne, Hartford Courant, 6 Jan. 2023
• Although most plaintiffs lose tax cases of this sort, in one case, stressful conditions exacerbated a worker’s pre-existing multiple sclerosis, which was clearly a nontaxable physical sickness recovery.
  — Robert W. Wood, Forbes, 21 Dec. 2021
• Any rebalancing transactions in your qualified retirement accounts will be nontaxable.
  — Tom Cooney and Crystal Faulkner, The Enquirer, 8 Dec. 2020
• Non-filing can be attributed to a number scenarios such as receipt of nontaxable retirement income, inadequate withholding and/or basic noncompliance.
  — Katrease Stafford, Detroit Free Press, 17 Apr. 2018

Last Updated: 22 Jul 2024