# Income tax expense

> Income tax expense — The P&L charge for income taxes — current tax payable for the period plus the change in deferred tax assets and liabilities.

Source: https://lopifi.com/glossary/income-tax-expense
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is income tax expense?** In accounting, income tax expense means the P&L charge for income taxes — current tax payable for the period plus the change in deferred tax assets and liabilities.

## Also known as

- Provision for income taxes

## Words this system refuses for it

- taxes paid
- tax payable

- **Category:** Statements
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** expense, period