adjective
- subject to taxation; liable to be taxed
Examples
- All taxable income must be reported on your tax return.
- The gift exceeded the taxable limit and required additional forms.
- Investment gains are generally taxable in the year they are realized.
- Some municipal bonds are not taxable at the federal level.
- The company’s taxable profits decreased after the new deductions.
- Retirement account withdrawals are often taxable as ordinary income.