Federal Income Tax

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
FIT
Pronunciation
/ˈfɛdərəl ˈɪnˌkəm tæks/
Category
Governmental
Related Field
US Government

Examples in Context

  1. The federal income tax is governed by the Internal Revenue Code.
  2. The sixteenth Amendment, which permits imposition of a federal income tax without appointment among the states.
  3. If the student's scholarship income is exempt from taxation, there is no need to report it on the federal income tax return.
  4. Federal income tax withholding
  5. Buffett also said his federal income tax bill came to $ 6,923,494, or 17.4 % of his taxable income.

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