: 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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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