: 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 president views tariff revenues as a way to help offset the budget deficit increases tied to his recent income tax cuts and generate more domestic factory jobs.—Sasha Rogelberg, Fortune, 30 July 2025 The administration has pushed for tariffs as a way to navigate the budget deficit amid income tax cuts and to boost domestic manufacturing jobs, but analysts have warned that American consumers will be the ones taking on the price hikes.—Suzanne Blake, MSNBC Newsweek, 30 July 2025 The interest you’re paid is exempt from federal income tax — and in some cases, state and local taxes too, if the muni is issued by your home state or city.—Jeanne Sahadi, CNN Money, 30 July 2025 Taxpayers can extend the deadline to file 2024 Arkansas state income tax returns and to pay Arkansas state income taxes from July 31 to Dec. 3, the state Department of Finance and Administration announced Tuesday.—Arkansas Online, 29 July 2025 See All Example Sentences for income tax
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