- tax-exempt income
Income that is specifically made exempt from taxation by Congress, such as certain Social Security benefits, tax-exempt interest, welfare benefits, nontaxable life insurance proceeds, and nontaxable pension income.Category: Back Taxes & Tax DebtCategory: Business, LLCs & Corporations → Business Accounting, Bookkeeping & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Personal Finance & Retirement → Money & Taxes for RetireesCategory: Personal Finance & Retirement → Taxes → Personal Income TaxesCategory: Personal Finance & Retirement → Taxes → Tax Audits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.