Search

What is another word for tax-exempt status?

Pronunciation: [tˈaksɛɡzˈɛmpt stˈe͡ɪtəs] (IPA)

Tax-exempt status is a legal designation that enables an individual or organization to avoid paying taxes on certain revenue streams or assets. It is often referred to as being "tax-free" or "tax-deductible" and can provide significant financial benefits for eligible parties. Alternative synonyms for tax-exempt status include "non-taxable," "exempt from taxation," "tax-sheltered," and "tax-advantaged." These terms all indicate that an entity or individual is able to avoid paying taxes on income or assets that would otherwise be subject to taxation. Having a tax-exempt status can be extremely valuable for nonprofit organizations, charitable foundations, and certain religious institutions.
Hypernyms
Related words & questions
Search

What are the hypernyms for Tax-exempt status?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    tax relief, financial relief, Exemption from taxation, Financial privilege, Income privilege, Monetary bonus, Monetary break, Tax code advantage.

Related words: status, tax exempt status, tax exempt, tax exempt meaning, tax exempt purpose, tax exempt organizations list, list of tax exempt organizations, non-profit status, meaning of tax exempt, who can be tax-exempt, eligibility for tax-exempt status

Related questions:

  • Who can be a tax-exempt organization?
  • What is a tax-exempt organization?

    • Word of the Day

    subjective psychology
    Objective psychology is the antonym for subjective psychology. While the latter refers to theories and concepts that rely on individual views and experiences, objective psychology ...