: 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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The move was part of an overhaul aimed at eventually phasing out the state's individual income tax altogether which also extended the state sales tax to more services.—Yaakov Katz, Newsweek, 7 Feb. 2025 Residents of these remote villages rely on VITA to prepare free income tax returns.—Kelly Phillips Erb, Forbes, 7 Feb. 2025 Texas doesn’t levy any individual income tax, while California has the highest rate in the U.S.—Ryan Johnston, CNBC, 6 Feb. 2025 College of DuPage providing free tax filing assistance College of DuPage is offering residents free assistance in filing electronic state and federal income tax returns.—Michelle Mullins, Chicago Tribune, 6 Feb. 2025 See All Example Sentences for income tax
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