finpediahub.com
Tax avoidance means using legal methods to reduce the amount of tax you owe so you can keep more of your money. Tax avoidance is a concept that often gets …
What Is Tax Avoidance? – Simple and Easy Explanation Read More
Taxable interest income is interest you earn that must be reported on your tax return and included in your taxable income. Taxable interest income may seem simple at first—you earn …
What Is Taxable Interest Income? – Simple and Easy Explanation Read More
A tariff is a tax placed on products imported from other countries, affecting prices, trade, and the overall economy. Tariffs may sound like something only governments or big corporations worry …
What Is a Tariff? – Simple and Easy Explanation Read More
Support includes all the resources—money, services, and essentials—used to meet a person’s basic living needs for tax dependency purposes. Support is a key concept in tax rules, especially when determining …
What Is Support? – Simple and Easy Explanation Read More
The standard deduction reduces your taxable income and varies based on your filing status, age, blindness, and whether someone can claim you as a dependent. The standard deduction is one …
What Is the Standard Deduction? – Simple and Easy Explanation Read More
A software developer creates and maintains the programs that format and transmit electronic tax returns to the IRS. A software developer plays a crucial role in the world of modern …
What Is a Software Developer? – Simple and Easy Explanation Read More
A Free Surviving Spouse Benefit (FSSB) is a no-cost survivor benefit that protects a spouse by providing 50% of the participant’s pension if the participant dies before retirement. A Free …
What is a Free Surviving Spouse Benefit (FSSB)? – Simple and Easy Explanation Read More
A required annual filing that reports a retirement plan’s financial condition, operations, and compliance status. What Is Form 5500? Form 5500 is an annual return/report that most employer-sponsored retirement and …
What is Form 5500? – Simple and Easy Explanation Read More
Unlocking your right to access federal government records. The Freedom of Information Act (FOIA) is a federal law that gives anyone the right to request access to records held by …
What is the Freedom of Information Act (FOIA)? – Simple and Easy Explanation Read More
A floor offset design combines a defined contribution plan and a defined benefit plan to ensure employees receive a guaranteed minimum retirement benefit. A Floor Offset is a retirement plan …
What is a Floor Offset? – Simple and Easy Explanation Read More