A person who lived in a particular state for only part of the year but must file a state income tax return there.
See Employment Tax.
Charges added to your tax bill for late filing and late payment. The IRS may also charge interest for late tax payments.
A retirement plan that pays an annuity. Also see Individual Retirement Arrangement.
An exemption claimed for yourself and, if married filing jointly, for your spouse.
Personal Identification Number. A five digit number used to securely "sign" an electronically submitted, or efiled, tax return.
Additional charges paid during the financing or refinancing of a mortgage. A point is equivalent to 1% of the mortgage amount. Payments of points are generally tax deductible.
Also called a Primary Residence. The place where a taxpayer lives for the greater part of the year.
A tax based on a percentage of income. The higher your income, the larger a percentage you pay. Our current federal income tax system.
A tax paid for valuable property such as real estate and vehicles.
Another term for Flat Tax.