Tag: taxpayers
Dead Money
What is 'Dead Money' A slang term for money invested in a security with minor hopes of appreciation or earning a return....
Tax Deduction
What is a tax deduction and how does it work
A tax deduction is an expense that can be subtracted from your taxable income. This...
Underpayment Penalty
What is an underpayment penalty
An underpayment penalty is a fee charged by the IRS for taxpayers who do not pay enough tax throughout the...
Jobs And Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)
In this post, we will be discussing the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). This was a bill that was...
Economic Growth And Tax Relief Reconciliation Act of 2001 (EGTRRA)
What is 'Economic Growth And Tax Relief Reconciliation Act of 2001 - EGTRRA' A U.S. tax law, effective for tax years beginning...
Earned Income Credit (EIC)
What is 'Earned Income Credit - EIC' A tax credit in the United States which benefits certain taxpayers who have low incomes...
QSBS (Qualified Small Business Stock)
What is 'QSBS (Qualified Small Business Stock)' A qualified small business stock (QSBS) is simply the stock or share of a qualified...