: a tax on the net income of an individual or a business
Examples of income tax in a Sentence
Federal income tax will be deducted from your pay.
The new law will lower income taxes for most taxpayers.
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If all these deductions are used, a taxpayer over 65 will not owe federal income tax on their first $23,750 of income.—Sarah Moreno, Miami Herald, 18 Dec. 2025 Remember, the very richest Americans do not acquire their wealth through taxable income and are just as likely to be a part of the 40% of the lowest earners who pay no income tax.—Ray Madoff, The Conversation, 17 Dec. 2025 With a 529 plan, withdrawals are tax-free for qualified educational expenses, and contributions are often eligible for state income tax deductions.—Ben Steverman, Fortune, 17 Dec. 2025 For instance, the 529 plan account owner gets the state income tax deduction (if applicable).—Steve Hruby, Cincinnati Enquirer, 15 Dec. 2025 See All Example Sentences for income tax
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