Glossary of Tax Terms: Roth IRA
This blog post defines what Roth IRA means
Glossary of Tax Terms: AMT
AMT refers to Alternative Minimum Tax, an alternate tax calculation that applies to some taxpayers.
Glossary: Miscellaneous Itemized Deductions
Miscellaneous Itemized Deductions are deductions for things such as unreimbursed expenses of employees.
Glossary: Earned Income Credit
The Earned Income Credit refers to a tax credit available to taxpayers between the ages of 25 and 65 whose income is below certain levels.
Glossary: Filing Status
Federal taxes provide for 5 different filing statuses. This blog post examines the definition of filing status and explains each type of filing status.
Glossary of Tax Terms: IRA
In the tax world, “IRA” stands for “individual retirement account.”