income tax

noun

Synonyms of income taxnext
: 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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Florida is one of the only states in America without a personal income tax. Nicole Huyer, The Orlando Sentinel, 24 May 2026 For ordinary income tax records, the general rule is to keep returns and supporting documents until the period of limitations has run. Kelly Phillips Erb, Forbes.com, 23 May 2026 But Kehoe on Friday wielded the powers of his office to move the income tax and direct democracy measures to the August election. Kacen Bayless, Kansas City Star, 22 May 2026 However, when counting refundable tax credits, the bottom 40% of taxpayers already pay no income tax, on average, said Erica York, vice president of federal tax policy for the Tax Foundation. Sarah Agostino,greg Iacurci,kelli Grant, Cfp®, CNBC, 20 May 2026 See All Example Sentences for income tax

Word History

First Known Use

1799, in the meaning defined above

Time Traveler
The first known use of income tax was in 1799

Cite this Entry

“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 27 May. 2026.

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
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

More from Merriam-Webster