taxable
adj. B2 Upper Intermediate US //ˈtæksəbəɫ// UK //tˈæksəbəl// tax·able
adj. describing money you earn or things you own that the government can take a percentage of. If an amount is taxable, you must report it when you pay your taxes.
adj. subject to a tax or levy by a government authority. Often describes income, assets, or transactions that meet the legal criteria for taxation.
Your total salary is taxable income.
The accountant explained that while some benefits are tax-free, most of the year-end bonus is considered taxable.
Determining whether a gift constitutes a taxable event often depends on the total value of the transfer and the specific relationship between the donor and the recipient.
From tax + -able
Usage
Typically used attributively before nouns like 'income', 'earnings', or 'benefits'.