personal tax

noun

Examples of personal tax in a Sentence

Recent Examples on the Web Mark Steber, chief tax officer at Jackson Hewitt Tax Service, said there's a great value to being able to access your personal tax information online, including obtaining any necessary transcripts. Susan Tompor, Detroit Free Press, 12 Mar. 2024 In March, the government introduced a personal tax deduction for childcare expenses. Carl Minzner, Foreign Affairs, 3 May 2022 File Your Taxes Online With H&R Block >> TaxAct – Best for Accuracy Guarantee TaxAct, a popular do-it-yourself personal tax preparation solution with decades of experience, stands out for its simplicity. Sponsored Content, The Mercury News, 8 Apr. 2024 Much simpler changes to the tax code could raise revenue from rich people without forcing the IRS to estimate unrealized gains, Zwick said, including reducing the deduction for business income claimed on personal tax returns — a tax break created in President Donald Trump’s 2017 tax cuts. Julie Zauzmer Weil, Washington Post, 27 Mar. 2024 So if the pass-through entity — usually S Corporations or partnerships — pays the tax, then the individual owners can deduct the entity’s taxes on their personal tax returns, instead of their own state and local taxes. Tara Siegel Bernard, New York Times, 2 Mar. 2024 Prominent figures in business and economics have long warned about the detrimental effects of high personal tax rates on economic growth and competitiveness. Andy J. Semotiuk, Forbes, 27 Feb. 2024 California’s state Franchise Tax Board received 4.5 million personal tax returns during last year’s extension period following catastrophic winter storms. Cortlynn Stark, Sacramento Bee, 13 Feb. 2024 The withdrawal is usually subject to income taxes at your personal tax rate and a 10% penalty. Tanza Loudenback, wsj.com, 4 Jan. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'personal tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

circa 1935, in the meaning defined above

Time Traveler
The first known use of personal tax was circa 1935

Dictionary Entries Near personal tax

Cite this Entry

“Personal tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/personal%20tax. Accessed 24 Jun. 2024.

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