CIVICS

tax withholding

Definition from Nolo’s Plain-English Law DictionarySee: withholding

Definition provided by Nolo’s Plain-English Law Dictionary.

tax-deferred exchange

Definition from Nolo’s Plain-English Law DictionarySee: 1031 exchange

Definition provided by Nolo’s Plain-English Law Dictionary.

tax-exempt income

Definition from Nolo’s Plain-English Law DictionaryIncome that is specifically made exempt from taxation by Congress, such as certain Social Security benefits, tax-exempt interest, welfare benefits, nontaxable life insurance proceeds, and nontaxable...

taxable income

Definition from Nolo’s Plain-English Law DictionaryAn individual's or business's gross income minus all allowable deductions, adjustments, and exemptions.

Definition provided by Nolo’s Plain-English Law Dictionary.

Taxing power

Definition

Taxing power refers to the ability of a government to impose and collect taxes.

Overview General Constitutional Authorization

In the United States, Article I, Section 8 of the Constitution gives Congress the power to "lay and collect...

taxpayer bill of rights

Definition from Nolo’s Plain-English Law DictionaryFederal tax laws that restrict IRS conduct and establish taxpayer rights in dealing with the IRS.

Definition provided by Nolo’s Plain-English Law Dictionary.

taxpayer identification number (TIN)

Definition from Nolo’s Plain-English Law DictionaryA number assigned by the IRS or the SSA to be used for tax administration. Taxpayer identification numbers include Social Security numbers, employer identification numbers, and individual taxpayer...

Temporary Protected Status (TPS)

Temporary Protected Status (TPS) is a temporary immigration status granted to nationals of certain countries who are already in the United States. During the designated period, these individuals may obtain travel and employment authorization, are not...

Texas v. Johnson (1989)

Definition from Nolo’s Plain-English Law Dictionary

The U.S. Supreme Court case in which the Court struck down laws prohibiting flag burning. The Court held that laws banning flag burning violated the First Amendment right to free speech.

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TFRP

Definition from Nolo’s Plain-English Law DictionarySee: trust fund recovery penalty

Definition provided by Nolo’s Plain-English Law Dictionary.

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