tax year(redirected from tax years)
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The 12-month period for which tax is calculated. For most individual taxpayers, the tax year is synonymous with the calendar year.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
tax yearThe accounting year selected by a taxpayer for purposes of determining annual taxable income. A new company may select any tax year it desires—July 23 through July 22, for example—and need not use the standard individual tax year of January 1 through December 31.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
The calendar year or fiscal year for which the taxable income is computed.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary