A tax return is a form filed with a tax authority on which a taxpayer states their income, expenses, and other tax information.
 | | Term of the Day | Words to Know | | |  | | Tax Return | | A tax return is a form or forms filed with a tax authority that reports income, expenses, and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes. In most countries, tax returns must be filed annually for an individual or business with reportable income, including wages, interest, dividends, capital gains, or other profits. | | Read More » | | Dividend | | A dividend is the distribution of some of a company's earnings to a class of its shareholders, as determined by the company's board of directors. | | Read More » | | | Capital Gain | | Capital gain is an increase in a capital asset's value. It is considered to be realized when you sell the asset. | | Read More » | | | Tax Credit | | A tax credit is an amount of money that people are permitted to subtract, dollar for dollar, from the income taxes that they owe. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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