Income Tax Preparation - D

Dependency exemption

admin — Tue, 12 Oct 2010 03:47:32 +0000

Amount that taxpayers can claim for a "qualifying child" or "qualifying relative". Each exemption reduces the income subject to tax.

Dependent

admin — Tue, 12 Oct 2010 03:47:32 +0000

A qualifying child or qualifying relative, other than the taxpayer or spouse, who entitles the taxpayer to claim a dependency exemption.

Direct Deposit

admin — Tue, 12 Oct 2010 03:47:32 +0000

This allows tax refunds to be deposited directly to the taxpayer's bank account. Direct Deposit is a fast, simple, safe, secure way to get a tax refund.

Direct tax

admin — Tue, 12 Oct 2010 03:47:32 +0000

A tax that cannot be shifted to others, such as the federal income tax.

Deficit

admin — Tue, 12 Oct 2010 03:47:31 +0000

The result of the government taking in less money than it spends.