tax code

  

Definition

Official regulations provided by the Internal Revenue Service and enforced on American citizens. Tax codes provide strict guidelines and rules that must be met in terms of taxation. These rules change from year to year and are published by the IRS in various booklets and on their website.

Use tax code in a sentence

  • You need to make sure you fully understand all of the tax code so that you never find yourself breaking any of it.

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  • You have to always adhere to the tax code and make sure to pay what you owe so that you don't get in trouble.

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  • The tax code was something I did not bother with, and I decided to focus my efforts understanding other things.

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