Financial Glossary

Plain-English definitions of key tax, income, and business terms.

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What Is Adjusted Gross Income (AGI)? Definition & Calculator What Is Capital Gains Tax? What Is Your Effective Tax Rate? What Is FICA Tax? (Social Security & Medicare) Tax Filing Status Explained (5 Types) Gross Income vs Net Income: What's the Difference? What Is an LLC (Limited Liability Company)? What Is a Marginal Tax Rate? What Are Quarterly Estimated Taxes? What Is Self-Employment Tax? What Is a Sole Proprietorship? What Is the Standard Deduction? (2026 Amounts) What Is Take-Home Pay? What Is a Tax Bracket? W-2 vs 1099: What's the Difference?

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