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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...
Tax Glossary
What Is “Employer-provided benefits exclusion”?
What Is “Employer-provided benefits exclusion”? An employer-provided benefits exclusion is a tax rule that allows certain “perks” or fringe benefits...
Tax Glossary
What Is “Electronic filing”?
What Is Electronic Filing? Electronic filing, commonly known as e-filing, is the process of submitting your tax returns to the...
Tax Glossary
What Is “EITC”?
What Is “EITC”? EITC stands for the Earned Income Tax Credit. It is a refundable federal tax credit specifically designed...
Tax Glossary
What Is “ EFIN ”?
What Is EFIN? An EFIN (Electronic Filing Identification Number) is a unique number assigned by the IRS to individuals or...
Tax Glossary
What Is “ E-file ”?
What Is E-file? E-file is the process of submitting your tax returns to the IRS or state tax authorities electronically...
Tax Glossary
What Is “Educator expense deduction”?
The educator expense deduction is an IRS tax break that allows eligible teachers and school staff to deduct a specific...
Tax Glossary
What Is “Education credits”?
What Are Education Credits? Education credits are federal tax benefits that directly reduce the amount of income tax you owe...
Tax Glossary
What Is “Earned Income Tax Credit”?
What Is “Earned Income Tax Credit”? The Earned Income Tax Credit (EITC) is a refundable federal tax credit specifically designed...
Tax Glossary
What Is “ Earned income ”?
Earned income is money you make from actively working, either as an employee for someone else or by running your...