tax-free

Definition

exempt from taxation

Etymology

From tax + -free.

Example Sentences

• "If your income qualifies you to contribute to a Roth IRA, you can contribute up to $7,000 this year ($8,000 if you’re at least 50) with after-tax savings. That money will grow untaxed until retirement, at which point your withdrawals will be tax-free and penalty-free after age 59-1/2, assuming the account has been open for at least five years."