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Tax Glossary
What Is “ Estimated tax payment ”?
What Is Estimated Tax Payment? An estimated tax payment is a quarterly payment made to the IRS (and often state...
Tax Glossary
What Is “Estate Income”?
Estate Income: A Simple Guide for Heirs and Executors Estate income is the money earned by the assets of a...
Tax Glossary
What Is “ Enrolled Agent ”?
What Is an Enrolled Agent? An Enrolled Agent (EA) is a federally authorized tax practitioner who has technical expertise in...
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...