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taxable

[tak-suh-buh l]
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adjective
  1. capable of being taxed; subject to tax: a taxable gain.
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noun
  1. Usually taxables. persons, items of property, etc., that are subject to tax.
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Origin of taxable

late Middle English word dating back to 1425–75; see origin at tax, -able
Related formstax·a·bil·i·ty, tax·a·ble·ness, nountax·a·bly, adverbnon·tax·a·bil·i·ty, nounnon·tax·a·ble, adjective, nounnon·tax·a·ble·ness, nounnon·tax·a·bly, adverbun·tax·a·ble, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for nontaxable

nontaxable

adjective
  1. not subject to tax
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taxable

adjective
  1. capable of being taxed; able to bear tax
  2. subject to tax
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noun
  1. (often plural) US a person, income, property, etc, that is subject to tax
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Derived Formstaxability or taxableness, nountaxably, adverb
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for nontaxable

taxable

adj.

"subject to taxation," late 15c., from Anglo-Latin taxabilis; see tax (v.) + -able.

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Online Etymology Dictionary, © 2010 Douglas Harper