What is an Individual Income Tax?

Individual income tax is a tax imposed by a government entity on the total income an individual earns in a year. This income is the total of amounts earned from wages/salaries, dividends and interest, among any others the individual may have.

Related Terms

What is Gross Income?

What is a Direct Tax?

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Tax positions for businesses and individuals

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R&D tax credits

Fuel your venture's growth and innovation with the R&D tax credits. Not just for tech firms or big corporations.

Augusta rule

Rent out your home tax-free for up to 14 days per year. Save even more if you rent to your business.

Depreciation

Put your fixed assets to work for you by utilizing depreciation to find and compare tax savings in minutes.

Home office

Turn your workspace into a tax-saving opportunity. Saving as much as you can? Probably not.

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Tax positions for businesses and individuals

R&D tax credits

Augusta rule

Depreciation

Home office

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