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9 Results for Tag: parents

Kiddie Tax

DefinitionThe kiddie tax rule exists in the United States of America and can be found in Internal Revenue Code § 1, which "taxes certain unearned income of a child at the parent's marginal

Immediate Family

Immediate Family What is an 'Immediate Family' Immediate family members usually include a person’s parents, spouse, children and siblings. A person’s grandparents, grandchildren, in-la

Nanny Tax

DefinitionThe combination of payroll taxes withheld from a household employee and the employment taxes paid by their employer are commonly referred to as the nanny tax. Under current law, an

Sandwich Generation

DefinitionThe Sandwich Generation is a generation of people who care for their aging parents while supporting their own children. Sandwich Generation What is the 'Sandwich Generation' The

Canada Education Savings Grant (CESG)

Canada Education Savings Grant (CESG) What is 'Canada Education Savings Grant - CESG' A grant from the Government of Canada paid directly into a beneficiary's Registered Education Savings

Qualified Adoption Expenses (QAE)

Qualified Adoption Expenses (QAE) What is 'Qualified Adoption Expenses - QAE' The necessary costs paid to adopt a child younger than 18 years of age or any disabled person who requires car

Federal Direct Student Loan Program (FDSLP)

Federal Direct Student Loan Program (FDSLP) What is 'Federal Direct Loan Program ' A program that provides low-interest loans to postsecondary students and their parents. The William D. Fo

Earnings Allowance

Earnings Allowance What is 'Earnings Allowance' Calculation on the net funds available in a checking account and the credit amount can be used to offset all or a portion of monthly service

V-Shaped Recovery

V-Shaped Recovery What is 'V-Shaped Recovery' A type of economic recession and recovery that resembles a "V" shape in charting. Specifically, a V-shaped recovery represents the shape of th