Tax-exempt income

Term · Law · MLC-T-LAW-004858

Income that is not subject to federal, state, or local income taxes. This type of income is specifically excluded from gross income by tax laws, meaning it does not need to be reported on a tax return or is reported but not taxed. Examples include interest from municipal bonds or certain scholarships.

Table 1. Record
Identifier	MLC-T-LAW-004858
Field	Law

Record as JSON

{
  "id": "MLC-T-LAW-004858",
  "term": "Tax-exempt income",
  "field": "Law",
  "definition": "Income that is not subject to federal, state, or local income taxes. This type of income is specifically excluded from gross income by tax laws, meaning it does not need to be reported on a tax return or is reported but not taxed. Examples include interest from municipal bonds or certain scholarships.",
  "url": "https://mlchart.com/terminology/law/tax-exempt-income/"
}

Record 4,961 of 5,445 in Law terminology (MLC-0107). Request the full dataset.