tax year

noun

1. a period of twelve months used by a government as a basis for calculating taxes

Example Sentences

But Takaichi wants this achieved in the current tax year running to March 31, 2026, Jiji Press, Kyodo News and other media reported on Wednesday and Thursday.

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This VTW self-help option will help you to have federal taxes withheld timely, reducing the potential of owing federal taxes at the end of the tax year,” the agency said.

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In the 2024-25 tax year, it said an average earner would have a tax cut of about £340 - from the combined tax changes - and people earning between £26,000 and £60,000 would be better off.

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The exemption amount for the alternative minimum tax for tax year 2026 is $90,100 for single filers, beginning to phase out at $500,000, or $140,200 for married couples filing jointly, beginning to phase out at $1 million.

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Lawmakers reset the widely used standard deduction to become larger for tax year 2025 and continue to grow in 2026 and beyond.

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