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Tax Glossary
What Is “ Refund status ”?
What Is Refund Status? What Is “ Refund status ”? Refund status is the real-time progress report of a taxpayer’s...
Tax Glossary
What Is “Refundable Credit”?
What Is “Refundable Credit”? A refundable credit is a type of tax credit that can reduce your tax liability to...
Tax Glossary
What Is “ Refund offset ”?
What Is a Refund Offset? A refund offset is a process where the government intercepts all or part of your...
Tax Glossary
What Is “ Record of account transcript ”?
What Is a Record of Account Transcript? A Record of account transcript is the most comprehensive summary document provided by...
Tax Glossary
What Is “ Recovery Rebate Credit ”?
What Is the Recovery Rebate Credit? The Recovery Rebate Credit is a special refundable tax credit that allows individuals to...
Tax Glossary
What Is “Quarterly estimated tax payment”?
What Is “Quarterly estimated tax payment”? A quarterly estimated tax payment is a seasonal tax payment sent to the IRS...
Tax Glossary
What Is “Qualifying surviving spouse”?
What Is “Qualifying surviving spouse”? The “Qualifying surviving spouse” filing status is a tax category designed for widows and widowers...
Tax Glossary
What Is “Qualifying relative”?
What Is “Qualifying relative”? A qualifying relative is a type of tax dependent who meets specific IRS tests for financial...
Tax Glossary
What Is “Qualifying child”?
What Is “Qualifying child”? A qualifying child is a specific type of tax dependent who meets IRS criteria based on...
Tax Glossary
What Is “Qualified Tuition Deduction”?
What Is “Qualified Tuition Deduction”? The qualified tuition deduction—often referred to as the “Tuition and Fees Deduction”—was a federal tax...