What ACTIVE PARTICIPANT means: A taxpayer who is covered by an employer-maintained qualified retirement plan, or a qualified self-employed retirement plan, if even for only one day during the year.
- Definition Additional Child Tax Credit:
- Dictionary available to taxpayers with three or more children qualifying for the child tax credit or whose earned income exceeds a specified amount and whose regular child tax credit exceeds tax liability active participant definition.
- Definition Accounting Period:
- Dictionary The period (normally 12 months) that a taxpayer uses to determine federal income tax liability. Unless a taxpayer makes a specific choice to the contrary, his accounting period is the calendar year active participant explain.
- Definition Adjustment To Income:
- Dictionary An expense that may be deducted even if the taxpayer does not itemize deductions. Adjustments to income are subtracted from gross income to arrive at adjusted gross income active participant what is.
- Definition Adoption Credit:
- Dictionary credit for qualified adoption expenses incurred for each eligible child. The limit on the credit is indexed to inflation. For current figures, see our Adoption Assistance rate table. The limit is a active participant meaning.
How works Active Participant meaning in Tax definitions A .
