Tag: cares
Hardship Withdrawal
What is 'Hardship Withdrawal' An emergency withdrawal from a retirement plan that may be subject to certain tax or account penalties. In...
Macroeconomic Stabilization Fund (FEM)
What is 'Macroeconomic Stabilization Fund - FEM' A reserve fund established by the country of Venezuela. Also known as the "FEM," it...
Ability To Repay
What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was...
Above The Line Deduction
DefinitionIn the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his...
Charitable Contributions Deduction
Charitable contributions deduction is a tax incentive offered to individuals that donate sums to a recognized charity. The tax deduction allows taxpayers to reduce...
Qualified Retirement Plan
What is a qualified retirement plan
A qualified retirement plan is a type of retirement savings plan that offers certain tax advantages to encourage employees...
Qualified Charitable Organization
What is a Qualified Charitable Organization (QCO)?
A Qualified Charitable Organization (QCO) is a type of nonprofit organization that is exempt from paying federal income...
Qualified Eligible Participant (QEP)
What is 'Qualified Eligible Participant - QEP' An individual who meets requirements to trade in different investment funds, such as futures and...
Qualified Distribution
What is a 'Qualified Distribution' Distributions made from a Roth IRA that are tax and penalty free. In order to be a...
Fair Credit Reporting Act (FCRA)
DefinitionThe Fair Credit Reporting Act, 15 U.S.C. § 1681 is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer...