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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...
Tax Glossary
What Is “Tax extension”?
What Is “Tax extension”? A tax extension is a formal request to the IRS for additional time to complete and...
Tax Glossary
What Is “Tax filing deadline”?
What Is “Tax filing deadline”? The tax filing deadline is the final date by which individuals and businesses must submit...