Enty's Business Glossary:

Tax-free Income

Tax-free income (also known as tax-exempt income) is an income being free from federal or local taxes. These indulgences can be initiated by the government in order to support certain strata of the population, NPOs, or businesses needed in tax incentives.
Tax-free Income
Tax-free income (also known as tax-exempt income) is an income being free from federal or local taxes. These indulgences can be initiated by the government in order to support certain strata of the population, NPOs, or businesses needed in tax incentives.

Explore terms related to the accounting process and taxation: