Financial Records Spending and income records and items to keep for tax purposes, including paycheck stubs, statements of interest or…
Filing Status Determines the rate at which income is taxed. The five filing statuses are: single, married filing a joint…
File A Return To mail or otherwise transmit to an IRS service center the taxpayer's information, in specified format, about…
Federal Insurance Contributions Act (FICA) Tax Provides benefits for retired workers and their dependents as well as for disabled workers…
Federal Income Tax The federal government levies a tax on personal income. The federal income tax provides for national programs…
Federal/State e-file A program sponsored by the IRS in partnership with participating states that allows taxpayers to file federal and…
Exemptions Amount that taxpayers can claim for themselves, their spouses, and eligible dependents. There are two types of exemptions-personal and…
Exempt (from withholding) Free from withholding of federal income tax. A person must meet certain income, tax liability, and dependency…