A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- SALT DeductionA deduction for state and local taxes paid, including income and property taxes, subject to a yearly cap.
- WithholdingMoney your employer takes out of each paycheck and sends to the government toward your expected tax bill.
- Filing StatusA category based on your marital and household situation that affects your tax rates, deductions, and eligibility.
- Tax ReturnThe annual form you file to report income, claim deductions and credits, and settle up what you owe or are owed.
- Marginal Tax RateThe tax rate applied to your last dollar of income, meaning the rate on your highest bracket.
Turn this into a brick
Knowing what State Income Tax means is knowledge — the first half. A brick gets placed when you act on it.
More in Taxes
1099Adjusted Gross Income (AGI)Alternative Minimum Tax (AMT)Capital Gains TaxChild Tax CreditDependent
Plain-English education — not personalized legal, tax, or investment advice.