taxable year

noun

Legal Definition of taxable year

: a period of time used as the basis of tax computation that is usually the annual accounting period of a calendar year or fiscal year

called also tax year

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Cite this Entry

“Taxable year.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/taxable%20year. Accessed 18 Sep. 2020.

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