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Tax Glossary
What Is “Tax-exempt interest”?
What Is Tax-Exempt Interest? Tax-exempt interest is income you earn on certain investments that is not subject to federal income...
Tax Glossary
What Is “ Taxable Social Security benefits ”?
Taxable Social Security benefits refer to the specific portion of your monthly Social Security payments that is subject to federal...
Tax Glossary
What Is “ Taxable interest ”?
Taxable interest is the money you earn from bank accounts, loans, or corporate bonds that the IRS requires you to...
Tax Glossary
What Is “ Taxable income ”?
Taxable income is the portion of your total income that is actually subject to IRS taxes. It is the final,...
Tax Glossary
What Is “ Taxable fringe benefit ”?
A taxable fringe benefit is any extra perk or compensation provided by an employer that the IRS requires you to...
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...