A
tax allowance is a specific amount of income that a person is allowed to earn without having to pay taxes on it. It's like a deduction or exemption that reduces the amount of money you owe in taxes.
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«tax»
«allowance»
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Phrases with «tax allowance»
Sentences with «tax allowance»
- • He said that stay - at - home mums would benefit from the coalition's plans to introduce transferable tax allowances. (theguardian.com)
- Class 4 contributions are paid by self - employed people in addition to class 2 contributions, where your earnings are above the personal tax allowance for the year. (nationaldebtline.org)
- The proposed measure introduces a pair of new annual tax allowances for individuals of # 1,000 each, one for trading and one for property income. (politics.co.uk)
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