taxable

American  

[tak-suh-buhl] / ˈtæk sə bəl /

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.

ˈtaxable British  

/ ˈtæksəbəl /

adjective

1. capable of being taxed; able to bear tax

2. subject to tax

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noun

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

Other Word Forms

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

Etymology

Origin of taxable

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

Example Sentences

The One Big Beautiful Bill Act, signed into law in July, included provisions that could lead to bigger refunds, including deductions of overtime and tip payments from taxable income for qualified employees.

From Barron's

To retain a step-up in basis, the house needs to be part of your taxable estate — so a will, transfer-on-death deed or revocable trust is the way to go.

From MarketWatch

They may also have limited options for lowering taxable income.

From MarketWatch

Withdrawals are tax-free and don’t impact your Medicare IRMAA, your Social Security tax rate or your other taxable income.

From MarketWatch

Money is contributed tax-free and, as such, reduces your taxable income for the year.

From Barron's

Related Words

• payable