income tax

noun

: 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.

Recent Examples on the Web

The top Democrat also took aim at Kehoe’s broader legislative agenda, specifically his recent push to eliminate the state’s income tax. —Kacen Bayless, Kansas City Star, 22 Dec. 2025

The surcharge is determined by your income tax return from two years ago, so your 2026 IRMAA is based on your 2024 filing. —Liz Weston, San Diego Union-Tribune, 21 Dec. 2025

To qualify, individuals had to be Arizona residents, file a full-year Arizona income tax return for 2021, claim Arizona’s dependent tax credit, and have at least some Arizona income tax liability. —Tiffany Acosta, AZCentral.com, 20 Dec. 2025

All Massachusetts taxpayers want for Christmas is a cut in the state income tax rate from 5 to 4 percent — a 20 percent reduction. —Howie Carr, Boston Herald, 20 Dec. 2025

Word History

First Known Use

1799, in the meaning defined above

Rhymes for income tax

• anticlimax
• counterattacks
• hemothorax
• mesothorax
• metathorax
• pneumothorax
• almanacs
• carrybacks
• haversacks
• lumberjacks
• maniacs
• microcracks

Kids Definition

income tax

noun

ˈin-(ˌ)kəm-

: a tax on the income of a person or business

Legal Definition

income tax

noun

: a tax on the net income of an individual or a business compare excise, property tax