Usually means: Income not subject to taxation.
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We found 3 dictionaries that define the word untaxable:

General (3 matching dictionaries)
  1. untaxable: Collins English Dictionary
  2. untaxable: Wordnik
  3. untaxable: Wiktionary

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Definitions from Wiktionary (untaxable)

▸ adjective:  That cannot be taxed.
▸ adjective:  On which tax is not paid.

Similar:
untaxed, nontaxable, nondeductible, undutiable, unextortable, nondutiable, inexpungible, unauditable, unsubjectable, nonexempt, more...

Opposite:
taxable, taxable income, taxable property, taxable goods

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Similar:
untaxed, nontaxable, nondeductible, undutiable, unextortable, nondutiable, inexpungible, unauditable, unsubjectable, nonexempt, more...

Opposite:
taxable, taxable income, taxable property, taxable goods



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