taxable income

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

QCDs allow individuals aged 70 ½ and older to donate up to $111,000 from an IRA directly to charity, satisfying RMDs and excluding the amount from taxable income.

From Barron's • May 9, 2026

While you don’t claim a tax deduction for a QCD, by not including the gift in taxable income you effectively get a full deduction.

From Barron's • May 9, 2026

By my back-of-the-envelope calculation, under this system the overall federal rate on a taxable income of $1 million would come to a rate of about 29%.

From Los Angeles Times • May 6, 2026

I want to determine what to withdraw from which accounts to minimize taxation, while perhaps converting some of the traditional IRA to Roth for future benefit, though that would increase taxable income.

From MarketWatch • Apr. 27, 2026

Upon all taxable income above a certain minimum there is then levied a flat rate, constituting a "normal" tax.

From Problems in American Democracy by Williamson, Thames Ross