: 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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Either way, parents should know about Health Savings Accounts (HSA), which are powerful deductions allowing families to set aside income tax-free—and use it tax-free, according to Bott.—Melissa Willets, Parents, 21 Feb. 2026 Residents also do not pay income tax, the South Dakota Department of Revenue said — further boosting the state’s affordability appeal.—Kelly McGreal, FOXNews.com, 20 Feb. 2026 Trump has claimed the tariff revenue has been so large that the duties may be able to replace the income tax.—Kevin Breuninger, CNBC, 20 Feb. 2026 How big was the average federal income tax refund?—Susan Tompor, Freep.com, 20 Feb. 2026 See All Example Sentences for income tax