Income Threshold
/ˈɪnkʌm ˈθrɛʃhoʊld/
Definitions
- (n.) A legally set amount of income that determines eligibility for certain benefits, taxes, or legal obligations.
The applicant's income fell below the income threshold required for tax exemption.
Forms
- income threshold
- income thresholds
Related terms
See also
Commentary
Income thresholds are commonly used in statutes and regulations to set clear financial eligibility criteria for various legal and administrative purposes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.