annual tax
Once-per-year payment
An annual tax is a tax levied once per year, typically based on the previous year's income, property value, or other assessable basis.
Most income taxes and property taxes operate on an annual cycle: Annual property taxes are due in December.
The term distinguishes from taxes assessed more frequently, like quarterly estimated payments or per-transaction sales taxes.
- yearlyOnce per annum
- filingStoring documents systematically
- IRSFederal tax collector
- refundMoney returned after purchase
- deadlineTime limit for completion
due date · April · deduction · standard deduction · income · return · levy · assessment · withholding · bracket · 1040 · W-2 form · accountant · revenue · payment · obligation · fiscal · quarterly
annual taxone-time fee
Single, non-repeating payment
one-time payment · single payment · lump sum payment · quarterly tax
annual taxtax rebate
Returned excess payment
annual dividend · universal basic income · tax credit · annual bonus
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