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TaxAct, a popular do-it-yourself personal tax preparation solution with decades of experience, stands out for its simplicity.—Sponsored Content, The Mercury News, 8 Apr. 2024 Much simpler changes to the tax code could raise revenue from rich people without forcing the IRS to estimate unrealized gains, Zwick said, including reducing the deduction for business income claimed on personal tax returns — a tax break created in President Donald Trump’s 2017 tax cuts.—Julie Zauzmer Weil, Washington Post, 27 Mar. 2024 So if the pass-through entity — usually S Corporations or partnerships — pays the tax, then the individual owners can deduct the entity’s taxes on their personal tax returns, instead of their own state and local taxes.—Tara Siegel Bernard, New York Times, 2 Mar. 2024 Prominent figures in business and economics have long warned about the detrimental effects of high personal tax rates on economic growth and competitiveness.—Andy J. Semotiuk, Forbes, 27 Feb. 2024 California’s state Franchise Tax Board received 4.5 million personal tax returns during last year’s extension period following catastrophic winter storms.—Cortlynn Stark, Sacramento Bee, 13 Feb. 2024 The withdrawal is usually subject to income taxes at your personal tax rate and a 10% penalty.—Tanza Loudenback, wsj.com, 4 Jan. 2024 For example: • A sole proprietor reports their profits on their personal tax return.—Karla Dennis, Forbes, 28 Nov. 2023 Struggling to dispel an ethical cloud that has hung over his government, Prime Minister Rishi Sunak on Sunday fired the chairman of Britain’s Conservative Party, Nadhim Zahawi, over his personal tax affairs.—Mark Landler, New York Times, 29 Jan. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'personal tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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