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Tax Glossary
What Is “ Fellowship income ”?
Fellowship income is financial support granted to an individual, typically a graduate student, post-doctoral scholar, or researcher, to aid in...
Tax Glossary
What Is “ Extension to pay ”?
What Is an Extension to Pay? An extension to pay is a formal request granted by the IRS that allows...
Tax Glossary
What Is “ Extension to file ”?
An extension to file is a formal request made to the IRS (and often state tax agencies) for additional time...
Tax Glossary
What Is “ Excludable income ”?
Excludable income is money, property, or financial benefits you receive that the IRS allows you to legally leave out of...
Tax Glossary
What Is “ Excess Social Security Tax Credit ”?
What Is Excess Social Security Tax Credit? The Excess Social Security Tax Credit is a refundable tax credit that allows...
Tax Glossary
What Is “Estimated tax”?
What Is “Estimated tax”? Estimated tax is a method used to pay tax on income that isn’t subject to withholding,...
Tax Glossary
What Is “ Estimated tax payment ”?
What Is Estimated Tax Payment? An estimated tax payment is a quarterly payment made to the IRS (and often state...
Tax Glossary
What Is “ Enrolled Agent ”?
What Is an Enrolled Agent? An Enrolled Agent (EA) is a federally authorized tax practitioner who has technical expertise in...
Tax Glossary
What Is “Estate Income”?
Estate Income: A Simple Guide for Heirs and Executors Estate income is the money earned by the assets of a...
Tax Glossary
What Is “Energy Efficient Home Improvement Credit”?
What Is Energy Efficient Home Improvement Credit? The Energy Efficient Home Improvement Credit is a federal tax incentive that allows...