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tax-exempt vs nontaxable

nontaxable vs tax-exempt

tax-exempt is a noun but nontaxable is not a noun.

tax-exempt and nontaxable both are adjectives.

Word NounAdjectiveVerbAdverb
tax-exempt Yes Yes No No
nontaxable No Yes No No
tax-exempt (noun) nontaxable (noun)
a security that is not subject to taxation
tax-exempt (adjective) nontaxable (adjective)
(of goods or funds) not taxed (of goods or funds) not subject to taxation
Difference between tax-exempt and nontaxable

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