"Taxable" Example Sentences
1. His income was taxable at the highest rate.
2. She disputed that her inheritance was taxable.
3. The capital gains from the stock sale were taxable income.
4. The taxable income bracket determines the tax rate.
5. Their income was below the taxable threshold.
6. Some expenses can reduce taxable income.
7. Their capital gains were subject to taxable income tax.
8. His taxable income increased substantially last year.
9. The proceeds from the sale of the business were taxable at the long-term capital gains rate.
10. His bonus pushed his total income into a higher taxable bracket.
11. The accountant reviewed all sources of taxable income.
12. The cost basis reduces the amount of taxable capital gains.
13. She filed for an extension to prepare her complex taxable returns.
14. The total taxable income was reported on line 15 of the tax form.
15. Taxable income refers to income that is subject to income tax.
16. Financial aid packages will reduce taxable income.
17. His refund significantly decreased due to increases in his taxable income.
18. The taxable income limits determine eligibility for certain government programs.
19. Tax-exempt income does not factor into taxable income calculations.
20. The 2019 taxable income thresholds increased slightly over last year.
21. The pension income is considered taxable under federal law.
22. The dividends earned were reported as taxable income.
23. Deductions can help lower taxable income.
24. They challenged the IRS's determination of their taxable income.
25. The corporation paid income taxes on its taxable profits.
26. Most lottery winnings are considered taxable income.
27. They calculated their total taxable income for 2019.
28. She prepared taxable income estimates for the upcoming year.
29. The wages earned from his part-time job created taxable income.
30. They disputed that the cash gifts were taxable income.
31. All sources of income must be reported when calculating taxable income.
32. The refund check was based on a revision to their taxable income calculation.
33. Charitable contributions can reduce taxable income.
34. Social Security benefits are considered partially taxable income.
35. She filed an extension for her complex taxable returns involving capital gains.
36. Many tax credits can help lower taxable income.
37. The company paid income tax on its taxable earnings.
38. Taxable income determines the amount of income taxes owed.
39. Interest and dividend income are considered taxable income.
40. Taxable income is income minus any applicable deductions or exclusions.
41. His adviser recommended strategies to lower his taxable income.
42. Business expenses can help reduce taxable income.
43. Higher deductions mean lower taxable income.
44. They underestimated their total taxable income and owed additional taxes.
45. The trust capital gains distribution was reported as taxable income.
46. The tax audit focused on recalculating their taxable income.
47. They disputed that the inheritance was considered taxable income.
48. They overpaid taxes due to an error in calculating their taxable income.
49. Retirement plan distributions are generally considered taxable income.
50. The percentage of Social Security benefits considered taxable depends on total income.
51. Taxable income determines tax liability and tax refund eligibility.
52. Alimony payments are taxable income for the recipient.
53. The increase in capital gains resulted in higher taxable income.
54. They had to pay additional taxes due to an increase in their taxable income.
55. The attorney reviewed strategies to minimize taxable income.
56. Taxable income is the amount used to calculate income tax owed.
57. Many work expenses can reduce taxable income.
58. Taxable income determines eligibility for certain deductions and credits.
59. Their accountant helped them accurately calculate their taxable income.
60. Taxable income is income minus any applicable exclusions, deductions or tax credits.
Common Phases
1.
Taxable income
Refers to total income minus any exclusions or deductions. This is the amount used to calculate income tax owed.
2.
Taxable amount
The portion of income, gains, or proceeds that is subject to income tax.
3.
Taxable profit
The portion of a company's profits that are subject to corporate income tax.
4. Below the
taxable threshold
When a person's income is less than the minimum level that is subject to income tax.
5.
Taxable capital gains
Profits from the sale of assets that are subject to capital gains tax.
6. Not
taxable
Income, gains, or profits that are excluded from taxation and not subject to income tax.
7. Increase
taxable income
Actions that would result in higher
taxable income such as reducing deductions or exclusions.
8. Reduce
taxable income
Actions that lower
taxable income such as increasing deductions or exclusions.
9.
Taxable earnings
The portion of an employee's compensation that is subject to income tax withholding.
10.
Taxable interest
The portion of interest income that must be reported on tax returns.
11.
Taxable distribution
The portion of certain distributions from retirement plans, trusts, etc. that are subject to income tax.
12.
Taxable inheritance
When an inheritance or estate distribution is subject to income tax or estate tax.
13. Minimize
taxable income
Actions taken to reduce one's
taxable income through deductions, exclusions, or other strategies.
14.
Taxable status
Whether certain types of income, gains, or profits are subject to income tax.
15. Above the
taxable threshold
When a person's income exceeds the minimum amount that is subject to income tax.