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Taxable Year |
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Taxable year The 12-month period an individual uses to report income for income tax purposes. For most individuals, their tax year is the calendar year. Tax Year The year during which one's taxable income is considered. That is, the tax year is any 12-month period during which a government calculates one's tax liability. Normally, this is simply the calendar year, but it may also be a fiscal year. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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