tax-free income
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tax-exempt income — dividends and interest not subject to federal and, in some cases, state and local income taxes. Bloomberg Financial Dictionary * * * tax exempt income tax exempt income ➔ income * * * tax exempt income UK US noun [C or U] (also tax free income)… … Financial and business terms
tax-free — ˌtax ˈfree adjective TAX tax free income, investments, activities etc are not taxed: • Most municipal bonds are totally tax free. • He retired with a tax free lump sum (= single large amount of money ) of £80,000. tax free adverb … Financial and business terms
Tax-free shopping — refers to the opportunity for customers to purchase goods or services without paying any tax normally collected at retail, such as sales tax, Goods and Services Tax, value added tax, or consumption tax.Tax free shopping in the United StatesTax… … Wikipedia
Tax-Free Savings Account — The Tax Free Savings Account or TFSA was introduced by Jim Flaherty, Canadian federal Minister of Finance, in Budget 2008. It was a significant measure in the budget and will be coming into effect on January 1st, 2009. [“Get ready for new Tax… … Wikipedia
Tax-Free Savings Account - TFSA — An account that does not charge taxes on any contributions, interest earned, dividends or capital gains, and can be withdrawn tax free. Tax free savings accounts were introduced in Canada in 2009 with a limit of $5,000 per year, which is indexed… … Investment dictionary
tax-free — also tax free ADJ: ADJ n, amount ADJ, v link ADJ Tax free is used to describe income on which you do not have to pay tax. ...a tax free investment plan. ...a return of 16.5% tax free... Redundancy payments are tax free up to ₤30,000 … English dictionary
tax-free exchange — Transfers of property specifically exempted from income tax consequences by the tax law. Examples are a transfer of property to a controlled corporation under I.R.C. No. 351(a) and a like kind exchange under No. 1031(a) … Black's law dictionary
Triple-Tax-Free — An investment (usually a municipal bond) featuring interest payments that are exempt from taxes at the municipal, state and federal levels. Also known as triple tax exempt . Municipal bonds often offer triple tax free interest payments to… … Investment dictionary
tax code — UK US noun [C] ► TAX in the UK, a set of numbers and letters used by the tax authority to show the amount of income tax that someone should pay, depending on their income and personal situation: »The higher the figures in your tax code, the more… … Financial and business terms
-free — [frē] combining form free of or from, exempt from, without: used in hyphenated compounds [tax free income] * * * … Universalium
