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Key Terms Relateds to Taxes
Violation of your terms and conditions agreement; … moreViolation of your terms and conditions agreement; failure to pay your loan / credit card as agreed.
The money you earn from taxable sources each year, … moreThe money you earn from taxable sources each year, minus above-the-line deductions.
This is the amount from which personal and dependent exemptions and either the standard deduction or itemized deductions are taken in order to determine your final tax basis. Your adjusted gross income also determines your eligibility for tax benefits.
This is the amount from which personal and dependent exemptions and either the standard deduction or itemized deductions are taken in order to determine your final tax basis. Your adjusted gross income also determines your eligibility for tax benefits.
A review of a tax return conducted by the Internal … moreA review of a tax return conducted by the Internal Revenue Service that focuses on your reported income and deductions in order to determine whether you paid the correct amount in taxes.
An audit can result in either an additional tax liability or, rarely, a tax refund.
An audit can result in either an additional tax liability or, rarely, a tax refund.
An amount that can be subtracted from your gross i … moreAn amount that can be subtracted from your gross income, thereby lowering your ultimate taxable income and your tax bill.
There are myriad types of potential deductions, some of which you can always take, and others only if you itemize your deductions, as opposed to accepting the standard deduction.
There are myriad types of potential deductions, some of which you can always take, and others only if you itemize your deductions, as opposed to accepting the standard deduction.
The forms used to file income taxes with the Inter … moreThe forms used to file income taxes with the Internal Revenue Service.