- Decedent
- An IRS term for a person who has died.
- Deduction
- An amount subtracted from your taxable income for certain expenses.
- Deficiency
- The amount of taxes owed after paying too little, assessed during an audit.
- Dependency Exemption
- An exemption claimed for a dependent.
- Dependent
- A child or relative whom you support and who qualifies you to take an exemption.
- Depreciation
- A deduction taken for the business use of certain items which lose value over time, such as office furniture.
- Direct Deposit
- When a tax refund or other payment is sent electronically to your bank account.
- Direct Tax
- A tax paid directly to the federal government, or to state or local governments, such as income tax and property tax.
- Direct Transfer
- Moving funds from one Individual Retirement Account to another.
- Disaster Loss
- A tax deduction taken by taxpayers who suffered the loss or damage of property during a federally declared disaster.
- Dividend
- A stock distribution given to stockholders in the form of cash, property, services, stock rights, or more stock.
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