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Medicare tax
Used to provide medical benefits for certain individuals when they reach age 65.
Source: Understanding Taxes - Glossary - irs.gov
Married Filing Separate filing status
You must be married. This method may benefit you if you want to be responsible only for your own tax or if this method results in less tax than a joint return.
Source: Understanding Taxes - Glossary - irs.gov
Market economy
An economic system based on private enterprise that rests upon three basic freedoms: freedom of the consumer to choose among competing products and services, freedom of the producer to start or expand
Source: Understanding Taxes - Glossary - irs.gov
Married Filing Joint filing status
You are married and both you and your spouse agree to file a joint return. (On a joint return, you report your combined income and deduct your combined allowable expenses.)
Source: Understanding Taxes - Glossary - irs.gov
Affordable Income Tax Preparation in Fillmore, CA
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