Hello World
Tax Glossary
What Is “Section 199A Deduction”?
What Is “Section 199A Deduction”? The Section 199A deduction, commonly known as the Qualified Business Income (QBI) deduction, allows eligible...
Tax Glossary
What Is “Section 121 Exclusion”?
What Is “Section 121 Exclusion”? The Section 121 exclusion, often called the “Home Sale Exclusion,” allows U.S. taxpayers to sell...
Tax Glossary
What Is “ Scholarship income ”?
Scholarship income is financial aid awarded to a student to help pay for their education. For federal tax purposes, the...
Tax Glossary
What Is “Schedule SE”?
What Is “Schedule SE”? Schedule SE is the tax form used by self-employed individuals to calculate the Social Security and...
Tax Glossary
What Is “ Schedule K-1 ”?
Schedule K-1 is an IRS tax form used to report your share of the incomes, losses, deductions, and credits from...
Tax Glossary
What Is “Schedule E”?
What Is “Schedule E”? Schedule E is a supplemental tax form used by U.S. taxpayers to report income or losses...
Tax Glossary
What Is “Schedule F”?
What Is “Schedule F”? Schedule F is the tax form used by individual taxpayers, trusts, and estates to report profit...
Tax Glossary
What Is “Schedule D”?
What Is “Schedule D”? Schedule D is a supplemental tax form used by U.S. taxpayers to report capital gains and...
Tax Glossary
What Is “Schedule C”?
What Is “Schedule C”? Schedule C is a tax form used by sole proprietors and freelancers to report the profit...
Tax Glossary
What Is “Schedule B”?
What Is “Schedule B”? Schedule B is a supplemental tax form used to report taxable interest and ordinary dividends to...