Decoding Your Taxes: A Glossary of Tax Terms You May Need to Know
Navigating the maze of federal taxes can be daunting. Many tax terms are confusing, whether you're a business owner, a seasoned individual taxpayer or someone filing a tax return for the first time. To make matters worse, significant tax law changes may be on the horizon due to the recent election and provisions in the Tax Cuts and Jobs Act that are scheduled to expire at the end of 2025.