taxable income

noun

Legal Definition of taxable income

: income that is subject to taxation and is characterized by the accrual of some gain or benefit to the taxpayer specifically : the total amount of income remaining as the basis of taxation for a given period after all allowable deductions have been applied to gross income

Learn More about taxable income

Share taxable income

Comments on taxable income

What made you want to look up taxable income? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to deny responsibility for

Get Word of the Day daily email!

Test Your Vocabulary

What did you just call me?! A Quiz

  • rows-of-various-emoji
  • If a member of the audience describes your speech as bombastic, does that person mean it is:
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!