WORKING ABROAD CAN YIELD TAX-FREE INCOME

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Article Highlights: Tax-Free Income from Working Abroad Foreign…

ADOPTION CREDIT

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Adoptive parents may be able to claim a dollar-for-dollar tax…

POINTS

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In financing lingo, one point is equivalent to 1% of the loan…

PRINCIPAL RESIDENCE

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A taxpayer can exclude up to $250,000 ($500,000 for married taxpayers)…

PRIVATE ACTIVITY BOND

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Generally, interest from municipal bonds issued by a state or…

QUALIFIED PLAN

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This term refers to retirement and employment benefit plans that…

RECAPTURE

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Is to include as income or as additional tax in the return an…

ROLLOVER

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A rollover is a tax-free withdrawal of cash or other assets from…