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
This year the credits are available at the time a vehicle is purchased from an authorized dealer rather than waiting for an income tax refund.
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Tom Krisher, Fortune, 3 May 2024
The company reported a net profit of $24.8 million, compared to a loss of $3.1 million in the prior year, though, helped by a gain of $27.7 million from an income tax benefit due to valuation allowances.
—Etan Vlessing, The Hollywood Reporter, 2 May 2024
See all Example Sentences for income tax 
Tom Krisher, Fortune, 3 May 2024
The company reported a net profit of $24.8 million, compared to a loss of $3.1 million in the prior year, though, helped by a gain of $27.7 million from an income tax benefit due to valuation allowances.
—Etan Vlessing, The Hollywood Reporter, 2 May 2024
See all Example Sentences for income tax
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'income tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near income tax
Cite this Entry
“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 11 May. 2024.
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