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Taxable Meaning in English

word

ˈtæksəbəɫ
TAKS-uh-buhl
tˈæksəbəl
TAKS-uh-buhl

Definition

If something is taxable, it means that it is subject to tax by the government. Usually, this refers to money you earn or things you own that the government can collect taxes on.

Usage & Nuances

Used mainly in legal, business, and financial contexts. Common phrases: 'taxable income', 'taxable goods', 'taxable amount'. Only things not specifically exempt are 'taxable'. Not used for people, but for money, goods, or assets.

Example Sentences

My salary is taxable.

basic

Is this product taxable?

basic

His bonus was not taxable.

basic

Not all gifts are taxable—some are exempt by law.

natural

Your taxable income determines how much you owe the government each year.

natural

Anything you earn from freelancing is usually considered taxable.

natural