Self-Employment Loss Self-employment income minus self-employment expenses, when self-employment income is less than self-employment expenses.
Revenue Tariff A tax on imported goods levied primarily to generate revenue for the federal government.
Regressive Tax A tax that takes a larger percentage of income from low-income groups than from high-income groups.
Refundable Credit When the amount of a credit is greater than the tax owed, taxpayers can receive a "refund" for…
Qualifying Widow(er) filing status If your spouse died in 2010, you can use married filing jointly as your filing status…