T (tiered) is a notation in some interest rate tables that indicates a varied pricing structure. Usually the rate noted is the lowest rate available.
Tactical asset allocation - TAA
Tactical asset allocation, or TAA, is an investing strategy that involves keeping certain percentages of total capital invested in specific asset classes. Because each investment will perform differently over time, the investor must periodically review the allocation of invested capital, rebalancing the positions to the desired percentages of the total portfolio. In some cases, the investor may wait to rebalance the portfolio to achieve certain short-term growth objectives.
Tangible personal property
Assets outside of real estate that you can put your hands on. Examples may include business equipment, and vehicles.
Tax and penalty-free withdrawals
Tax and penalty-free withdrawals are qualified transactions that remove money from an IRA without incurring taxes or fines. Prior to retirement, individuals are allowed to withdraw money from an IRA under certain circumstances, such as to pay for the costs of higher education.
Tax avoidance is the practice of using legal methods to minimize income taxes. Taxpayers might pursue various levels of tax avoidance, such as contributing pretax earnings to retirement accounts, purchasing tax-free municipal bonds, or making qualified charitable contributions.
Different levels of income are taxed differently; your income determines what bracket you are in.
Tax certificate ID
Tax certificate ID is a series of identifying digits that's issued to a business by the state for the purposes of collecting sales tax.
These are like coupons for the supermarket. You can use them to reduce the amount of tax you owe.
Amounts of money that the IRS allows you to subtract from your income before computing your income tax. These are similar to tax credits.
Postponing your taxes to a later date or even year. This will only delay your liability it will not make it disappear.
Earnings and income that are not taxable now but will be at a later date. This is most common in retirement plans distributions.
The part of your income that is not taxable or subject to tax.
Tax fairness is the concept that all taxpayers should be assessed an equivalent and fair level of income taxes. Those who argue for tax fairness take issue with tax loopholes that unfairly benefit a minority segment of taxpayers.
Tax home is a taxpayer's primary place of residence. This concept is relevant in the calculation of tax-deductible travel and transportation expenses.
Money collected by the lender for the annual tax payment.