C1adjectiveformalmoneylaw
US/ˈtæk.sə.bəl/
UK/ˈtæk.sə.bəl/
having to be paid tax on it, or able to be taxed
In context
Your taxable income includes your salary and any money from side jobs.
Gifts under a certain value are not taxable in many countries.
The sale of the house produced a taxable gain of ten thousand dollars.
Words that go with taxable
adjective + noun
- taxable incomeTaxable income is what is left after deductions.
- taxable amountPlease check the taxable amount on your form.
- taxable profitThe company reported a small taxable profit.
- taxable gainSelling shares can create a taxable gain.
- taxable benefitA company car counts as a taxable benefit.
adverb + adjective
- fully taxableInterest from savings is fully taxable.
Common mistakes
Incorrect:
This income is tax.Correct: This income is taxable.