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Dividends that are subject to lower tax rates as they meet specific criteria set by the IRS.

The rate of tax applied to your last dollar of taxable income.

Profits from the sale of an asset held for one year or less, taxed at ordinary income tax rates.

Bonds issued by state and local governments; the interest on these bonds is often exempt from federal income tax.

A reduction of income that is able to be taxed, which results in a lower overall tax bill.

A tax regulation that prohibits a taxpayer from claiming a loss on the sale and repurchase of identical stock or securities within a 30-day period.

A tax reduction due to allowable deductions or credits that a company will be able to use to reduce future tax liability.

A tax on the profit realized from the sale of a non-inventory asset that was greater than the original purchase price.

A non-refundable tax credit for income taxes paid to a foreign government as a result of foreign income tax withholdings.

A 3.8% tax on certain net investment income of individuals, estates, and trusts that have income above statutory threshold amounts.

Profits from the sale of an asset held for more than one year, subject to lower tax rates than short-term gains.

The process of transferring funds from one retirement account to another, often without incurring tax penalties.

A swap of one investment property for another that allows capital gains taxes to be deferred.

Payments made to mutual fund shareholders from gains realized on the sale of securities in a mutual fund's portfolio.

The original value of an asset for tax purposes, usually the purchase price, adjusted for stock splits, dividends, and return of capital distributions.

The annual limit set by the IRS on the amount of money that can be contributed to an Individual Retirement Account (IRA).

A supplemental income tax required in addition to baseline income tax for certain individuals, estates, and trusts that have exemptions or special circumstances allowing for lower levels of regular tax.

The practice of selling securities at a loss to offset capital gains tax liability.

A provision that allows companies to deduct dividends received from their investments in other companies from their taxable income to avoid double taxation.