Financial Glossary
Definitions of common financial and tax terms to help you understand your paycheck and taxes.
Showing 2 of 20 terms in Tax starting with "T"
Tax Bracket
TaxA range of incomes taxed at a specific rate. The U.S. federal income tax system uses multiple brackets with progressively higher rates.
Tax Credit
TaxA dollar-for-dollar reduction in the amount of tax you owe. Tax credits are more valuable than deductions because they directly reduce your tax liability.