Tax Definitions

Browse Investopedia's expert-written library to learn more about the language of taxes and the Internal Revenue Service. 

Tax Bracket
2024 Tax Brackets and Federal Income Tax Rates
Older couple with laptop discussing tax shelters
Tax Shelter: Definition, Examples, and Legal Issues
two accountants at desk looking at finances
Tax Accounting: Definition, Types, vs. Financial Accounting
senior couple looking at finances
Tax Deferred: Earnings With Taxes Delayed Until Liquidation
Two women going over their finances
Tax Benefit: Definition, Types, and IRS Rules
Person at a desk using a calculator and laptop to calculate their taxes
When Is Tax Season? Definition, Dates, and Deadlines
Tax Refund Anticipation Loan (RAL): What it Means, How it Works
Tax Rate Definition, Effective Tax Rates, and Tax Brackets
Woman taking subway train in New York City.
Tax Home: What it is, How it Works, Examples and FAQ
Taxable Event: What it is and How it Works
A stressed taxpayer hold their head as they work on a desktop computer showing a IRS 1040 return with a nearby calculator, checkbook, and a stack of receipts
Taxpayer: Definition, Overview and Types
Financial advisor consulting with young couple in living room
Taxable Wage Base: Overview and Example
Tax Attribute: What it is, How it Works, Example
Tax time
Tax Table Definition
Tax Year
What Is the Tax Year? Definition, When It Ends, and Types
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Taxes Definition: Types, Who Pays, and Why
Tax Schedule
Tax Indexing: What It is, How It Works, Example
Taxpayer doing their taxes and examining documents for a taxable gain.
Taxable Gain: What It is and how It Works
Financial advisor with clients discussing tax-sheltered investment vehicles that minimize tax drag.
Tax Drag: What It Means, How It Works, Example
A taxpayer calculates their total tax using the IRS Tax Bracket and a calculator.
Total Tax: What it Means, Rates, Brackets
Tax Court
Tax Court: What It is, How it Works, Trial Procedures
Taxpayer Advocate Service (TAS)
Taxpayer Advocate Service (TAS)
Tax Clawback Agreement
Tax Clawback Agreement: What It is, How it Works, Example
What's the Difference Between a Tax Rate and a Tax Bracket?
Person at desk doing their taxes
How the U.S. Tax Code Works and Its Sections