Definition of «tax year»

The term "tax year" refers to a 12-month period used by governments to determine an individual or business's tax liability. It is generally synonymous with the calendar year, but in some cases may be different due to changes in accounting methods or other factors. The specific time frame for a tax year can vary depending on where you live and your personal circumstances.

Phrases with «tax year»

current tax year
previous tax year
same tax year
income tax year
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Sentences with «tax year»

But the legislation, which would generally be effective for tax years beginning after 2017, still has a long way to go around the track before it hits the finish line. (cpapracticeadvisor.com)
Will that change how much money you have to pay in taxes each year? (purefinancial.com)
As of tax year 2014, however, the tax rules only allow the deduction of medical expenses over and above 10 percent of adjusted gross income. (sapling.com)
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Definition of «tax year»

Phrases with «tax year»

Sentences with «tax year»

See also