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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.
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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?

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