A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- W-4A form you give your employer to tell them how much tax to withhold from each paycheck.
- 1099A family of forms reporting income you earned outside a regular job, such as freelance work or investment payouts.
- WithholdingMoney your employer takes out of each paycheck and sends to the government toward your expected tax bill.
- Gross IncomeYour total earnings before any taxes, retirement contributions, or other deductions are taken out of your paycheck.
- Tax ReturnThe annual form you file to report income, claim deductions and credits, and settle up what you owe or are owed.
More in Taxes
Adjusted Gross Income (AGI)Alternative Minimum Tax (AMT)Capital Gains TaxChild Tax CreditDependentDividend Tax
Plain-English education — not personalized legal, tax, or investment advice.