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Tax Glossary
What Is “ Tax withholding estimator ”?
What Is a Tax Withholding Estimator? A Tax withholding estimator is a free, interactive online tool provided by the IRS...
Tax Glossary
What Is “Tax withholding”?
What Is “Tax withholding”? Tax withholding is the portion of your income that an employer or payer takes directly out...
Tax Glossary
What Is “ Tax software ”?
What Is Tax Software? Tax software is a digital application or online platform designed to help individuals and businesses prepare,...
Tax Glossary
What Is “Tax payment”?
What Is “Tax payment”? A tax payment is any sum of money sent to a federal, state, or local tax...
Tax Glossary
What Is “Tax home”?
What Is “Tax home”? For tax purposes, your “tax home” is the general city or geographic area where your main...
Tax Glossary
What Is “Tax extension”?
What Is “Tax extension”? A tax extension is a formal request to the IRS for additional time to complete and...
Tax Glossary
What Is “Tax filing deadline”?
What Is “Tax filing deadline”? The tax filing deadline is the final date by which individuals and businesses must submit...
Tax Glossary
What Is a “ Tax deposit ”?
What Is a Tax Deposit? A tax deposit is a payment made to the IRS to cover tax liabilities as...
Tax Glossary
What Is “ Tax deadline ”?
What Is a Tax Deadline? A tax deadline is the official date by which a taxpayer must submit their tax...
Tax Glossary
What Is “Tax Credit”?
What Is “Tax Credit”? A tax credit is a dollar-for-dollar reduction of the actual tax you owe to the IRS....