What EXPENSING means: This term is used when a taxpayer claims the section 179 expense deduction, defined elsewhere in this glossary, or currently deducts certain other expenditures that would ordinarily be required to be capitalized.
- Definition Excess Social Security Tax Withheld:
- Dictionary worked for more than one employer during the calendar year and more than a specified amount of social security tax is withheld, the excess of the amount withheld over that amount is treated as a tax expensing definition.
- Definition Exemption:
- Dictionary taxpayer, spouse, and each dependent that is subtracted from income that would otherwise be taxed. The allowable amount must be reduced if adjusted gross income exceeds a specified amount. See our expensing explain.
- Definition Earned Income Credit:
- Dictionary credit for qualified taxpayers based on earned income, adjusted gross income, and the number of qualifying children. See our Earned Income Tax Credit rate table for the current income limits expensing what is.
- 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 expensing meaning.
How works Expensing meaning in Tax definitions E .
