taxable

[tak-suh-buhl]

adjective

1. capable of being taxed; subject to tax.

   a taxable gain.

noun

1. Usually taxables. persons, items of property, etc., that are subject to tax.

ˈtaxable

/ ˈtæksəbəl /

adjective

1. capable of being taxed; able to bear tax

2. subject to tax

noun

1. (often plural) a person, income, property, etc, that is subject to tax

Other Word Forms

• taxability noun
• taxableness noun
• taxably adverb
• nontaxability noun
• nontaxable adjective
• nontaxableness noun
• nontaxably adverb
• untaxable adjective

Word History and Origins

Origin of taxable¹

late Middle English word dating back to 1425–75; tax, -able

Example Sentences

Another benefit of Roth withdrawals is that they won’t increase your taxable income.

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“The taxable gain is the amount received from the sale of the asset less its basis,” says the Tax Policy Center.

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Consider a person who retires with only tax-deferred accounts: They lose strategic flexibility compared with those who diversify across taxable, tax-deferred, and tax-free buckets, which really allows us to optimize that lifetime tax rate.

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You reduce your required minimum distribution by the amount you give, thereby reducing your taxable income.

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For those who don’t, there are many strategies for reducing their tax bills, and increasingly, some newer ones for harvesting capital losses to offset taxable capital gains.

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Related Words

• payable