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Financial terms in "Tax"

1. Interest Equalization Tax (IET)

2. field audit

3. tax-deferred

4. tax wedge

5. taxed

6. tax status

7. 1120-L Form

8. tax return

9. minimum distribution

10. pretax profit

11. cost segregation

12. 1099-SA Form

13. decedent deduction

14. 1120-REIT Form

15. income averaging

16. Cash Accounting

17. property inventory

18. Personal exemption

19. drawback

20. withholding tax

21. tax-exempt commercial paper

22. tax threshold

23. U.S. Government Agency Security

24. negative carry

25. taxable preferred security

26. consumer interest

27. business rate

28. Federal Tax Identification Number

29. fair tax

30. tax loss carryforward

31. tax-favored asset

32. IT

33. 1120-L Form Schedule M-3

34. certificate of tax deducted

35. tax tables

36. 1098-E Form

37. tax-free

38. before-tax income

39. disqualifying income

40. mainstream corporation tax

41. assignment of income

42. joint return test

43. foreign earned income exclusion

44. W-2 Form

45. subchapter J

46. pay as you earn

47. mill

48. 1040 Form Schedule M

49. 4868 Form

50. 940 Form Schedule R

51. property assessment

52. non-resident alien tax

53. Schedule D

54. non dom

55. after-tax contributions

56. Mortgage Interest Deduction

57. PRT

58. negative income tax

59. luxury tax

60. home office expense

61. Bypass trust

62. accommodation trading

63. 1120 Form Schedule D

64. taxation principles

65. ESOP

66. 1040 Form Schedule J

67. Revenue Stamp

68. Before-tax profit margin

69. Tax Lien

70. loss relief

71. W-9 Form

72. conveyance tax

73. 1040-NR Form

74. 1040-EZ Form

75. double taxation

76. earned income tax credit

77. Schedule E

78. 1040-ES Form

79. complete audit

80. capital levy

81. disposable income

82. capital loss carryover

83. tax deferral

84. Tax-deductible

85. direct tax

86. Tax shelter

87. indirect taxation

88. Unearned Income

89. Tax liability

90. Finance Act

91. ETP

92. Enterprise Investment Scheme

93. concessionally taxed

94. 1120 Form Schedule G

95. taxable

96. deferred tax liability

97. 1040

98. locked in

99. breakeven tax rate

100. Determination Letter

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Featured term of the day

Definition / Meaning of

Tax Exempt

Categories: Finance,

Some investments are tax exempt, which means you don't have to pay income tax on the earnings they produce.For example, the interest you receive on a municipal bond is generally exempt from federal income tax, and also exempt from state and local income tax if you live in the state where the bond was issued. However, if you sell the bond before maturity, any capital gain is taxable.Similarly, dividends on bond mutual funds that invest in municipal bonds are exempt from federal income tax. And for residents of the issuing state for single-state funds, the dividends are also exempt from state and local taxes. capital gains on these funds are never tax exempt.Earnings in a roth ira are tax exempt when you withdraw them, provided your account has been open for five years or more and you're at least 59 1/2 years old. And earnings in 529 college savings plans and coverdell education savings accounts (ESAs) are also tax exempt if the money is used to pay qualified education expenses.When an organization such as a religious, educational, or charitable institution, or other not-for-profit group, is tax-exempt, it does not owe tax of any kind to federal, state, and local governments. In addition, you can take an income tax deduction for gifts you make to such organizations.

Most popular terms

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7. Americans With Disabilities Act (ADA) Of 1990
8. Severance Pay
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10. Internalization

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