TERM

Federal/State e-file

Federal/State e-file A program sponsored by the IRS in partnership with participating states that allows taxpayers to file federal and…

4 years ago

Exemptions

Exemptions Amount that taxpayers can claim for themselves, their spouses, and eligible dependents. There are two types of exemptions-personal and…

4 years ago

Exempt (from withholding)

Exempt (from withholding) Free from withholding of federal income tax. A person must meet certain income, tax liability, and dependency…

4 years ago

Excise Tax

Excise Tax A tax on the sale or use of specific products or transactions.

4 years ago

Employee

Employee Works for an employer. Employers can control when, where, and how the employee performs the work.

4 years ago

Electronic Return Originator (ERO)

Electronic Return Originator (ERO) The Authorized IRS e-file Provider that originates the electronic submission of an income tax return to…

4 years ago

Electronic Preparation

Electronic Preparation Electronic preparation means that tax preparation software and computers are used to complete tax returns. Electronic tax preparation…

4 years ago

Electronic Filing (e-file)

Electronic Filing (e-file) The transmission of tax information directly to the IRS using telephones or computers. Electronic filing options include…

4 years ago

Earned Income Credit

Earned Income Credit A tax credit for certain people who work, meet certain requirements, and have earned income under a…

4 years ago

Earned Income

Earned Income Includes wages, salaries, tips, includible in gross income, and net earnings from self-employment earnings.

4 years ago