Glossary

T

Tax-loss harvesting is the investing technique of selling depreciated securities to offset gains within a given tax year. This investment strategy can help lower your overall tax bill since your tax is paid on the net amount. The cumulative tax savings can make a real difference in your life,
In finance terms, a liability is a debt. It's an amount you are legally or contractually obligated to pay to another person, business or entity. A tax liability is an amount you have to pay to federal, state and local governments.
A tax credit is a dollar-for-dollar amount taxpayers claim on their tax return to reduce the income tax they owe. The government typically creates credits to encourage certain behavior among citizens or to provide support for certain types of situations.
Taxes are the sum of money paid to the government to collectively fund spending towards public goods and services. Taxes are used to fund things like schools, roads, and various public programs, such as Social Security and Medicare.

Recent Terms

Wealth Management
Wealth management is the process of reviewing and making decisions about your wealth so you can achieve your financial goals.
Stagflation
Stagflation is an especially difficult economic environment created by the combination of several factors: slow economic growth, high inflation, and a high unemployment rate.
Exchange-traded fund (ETF)
An exchange-traded fund (ETF) is a type of investment fund that holds a variety of underlying securities, including stocks, bonds, or alternative assets. It’s a way for investors to pool their money and each gain exposure to the assets within the fund rather than purchasing each asset individually.