Tax & Budget
Glossaries
| Term | Definition |
|---|---|
| Tax Policy |
Policies that determine how we collect taxes.
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| Tax Liability |
The amount of taxes owed by a taxpayer to the government before taking into account allowable tax credits.
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| Tax Credit |
A dollar-for-dollar amount that a taxpayer claims on their tax return to reduce the income tax they owe. You can use this to reduce yourtax bill and...
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