: 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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Some taxpayers, the IRS said, may receive their income tax refunds a few days earlier.—Susan Tompor, USA TODAY, 25 Feb. 2025 The new tax benefit for mothers of two or three (mothers of four are already exempt from income tax) will be phased in gradually from January.—Mark Joseph, Newsweek, 24 Feb. 2025 For those worried about state and local tax (SALT) deductions in blue states, the answer isn't complicated: cut federal income tax rates across the board.—Steve Forbes, Forbes, 20 Feb. 2025 Amending sections of the Internal Revenue Code and withdrawing from the U.S.-China income tax treaty would result in significant changes in U.S. international tax policy, but all the necessary steps are well within Congress’s power.—Alex Raskolnikov, Foreign Affairs, 19 Feb. 2025 See All Example Sentences for income tax
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