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Light shines on a pane of green glass and a pane of clear glass. The temperature will be higher in the
AGI
Adjusted Gross Income, which is gross income minus adjustments, used to determine tax liability.
Coverdell Education Savings Account
A tax-advantaged savings account designed to fund education expenses, offering tax-free growth and withdrawals for qualifying educational costs.
Tax-Deductible
Expenses that can be subtracted from one's taxable income, effectively reducing the tax liability.
SIMPLE Plan
Savings Incentive Match Plan for Employees, a type of tax-deferred employer-provided retirement plan that allows small businesses to set aside money and invest it for employees.
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