income tax

noun

: 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.

Recent Examples on the Web

In Idaho, the deadline to file both state and federal income tax returns for the 2025 tax year is Wednesday, April 15. —Hali Smith april 4, Idaho Statesman, 4 Apr. 2026

McCaughey is a Newsmax cable host who smiles big, talks fast and touts audacious promises — foremost among them, a vow to eliminate the income tax in Connecticut, an idea that was central to Republican Bob Stefanowski’s losing campaign for governor against Lamont in 2018. —Kaitlin McCallum, Hartford Courant, 3 Apr. 2026

Georgia lawmakers approved a plan to speed up cutting the state's personal income tax on the final day of the legislative session. —Dan Raby, CBS News, 3 Apr. 2026

Moreover, big income tax refunds this spring will keep consumers spending and drive economic activity. —Paul Wiseman, Fortune, 3 Apr. 2026

Word History

First Known Use

1799, in the meaning defined above

Rhymes for income tax

• anticlimax
• counterattacks
• hemothorax
• mesothorax
• metathorax
• pneumothorax
• almanacs
• carrybacks
• haversacks
• lumberjacks
• maniacs
• microcracks

Kids Definition

income tax

noun

ˈin-(ˌ)kəm-

: a tax on the income of a person or business

Legal Definition

income tax

noun

: a tax on the net income of an individual or a business compare excise, property tax