Tax Basics

Tax Terms 101 [INFOGRAPHIC]

December 28, 2015 : H&R Block

Filing taxes can be made more complicated by the excessive use of acronyms, specialized terminology and tax terms. We throw around the same words over and over – like credit, deduction and dependent – yet never really stop to explain what exactly they mean and how they apply to you.

Enter: the tax term dictionary. This resource helps define common tax terms that you will likely encounter this year. We hope it makes the complex a little easier to understand!

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