Hello World
Tax Glossary
What Is “ Foreign earned income ”?
Foreign earned income is money you receive in exchange for personal services or work performed while you are physically located...
Tax Glossary
What Is “ Filing threshold ”?
What Is Filing Threshold? A filing threshold is the minimum amount of gross income you must earn before you are...
Tax Glossary
What Is “Filing status”?
What Is “Filing status”? Filing status is a category used by the IRS to determine your tax return filing requirements,...
Tax Glossary
What Is “ Filing requirement ”?
What Is a Filing Requirement? A filing requirement is the legal obligation for a taxpayer to submit a federal income...
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,...