What EXCLUSION means: An amount of income that is not included in gross income because the Tax Code excludes it. Examples, include gain from a qualified sale of a principal residence, income earned abroad, and gifts and inheritances.
- Definition Employee Stock Option:
- Dictionary An option granted to an employee to purchase the employer's stock. Employee stock options to which special income tax treatment is accorded are known as statutory options exclusion definition.
- Definition Energy Tax Credit--Residential Property:
- Dictionary able to take a credit equal to the sum of: (1) 10% of the amount paid in 2006 for qualified energy efficiency improvements (for example, insulation, exterior windows, and exterior doors) installed exclusion explain.
- Definition Estimated Tax:
- Dictionary The amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and the amount of any expected credits exclusion what is.
- Definition Exchange:
- Dictionary A transfer of property for other property or services. Some exchanges produce currently taxable income while others can be structured so as to defer any tax liability exclusion meaning.
How works Exclusion meaning in Tax definitions E .
