in taxation what do you mean by "final tax?"?

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2006-09-13 19:27:27 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

Final tax is usually the amount you owe in taxes after deductions are subtracted, but before credits are applied.

2006-09-14 11:21:22 · answer #1 · answered by ebony_q_t 2 · 0⤊ 1⤋

If you're talking about a final return, it's a tax return filed for a person who has died, covering the last year they were alive.

2006-09-14 21:40:41 · answer #2 · answered by Judy 7 · 0⤊ 0⤋