Glossary
AI Finance Glossary
Plain-English definitions of AI, accounting, and SaaS-finance terms.
Categories
A
Alternative Minimum Tax
Parallel tax calculation ensuring high-income taxpayers pay a minimum federal tax regardless of deductions.
At-Risk Rules
Tax rules limiting loss deductions to the amount a taxpayer has economically at risk in an activity.
E
Estate Tax
Federal tax on the transfer of assets from a decedent's estate above a statutory exemption threshold.
Estimated Tax
Quarterly tax payments required from self-employed individuals and businesses that expect to owe $1,000 or more in taxes not covered by withholding.
G
H
P
Q
Qualified Business Income Deduction
20% deduction for pass-through business income under IRC Section 199A for eligible self-employed taxpayers.
Quarterly Estimated Tax
Prepayment of income and self-employment taxes made four times per year by self-employed individuals and investors.
S
T
Tax Loss Harvesting
An investment strategy of selling assets at a loss to offset capital gains or ordinary income, reducing current tax liability while maintaining portfolio exposure.
Tax Withholding
The process by which employers deduct income taxes from employees' paychecks and remit them directly to tax authorities on the employee's behalf.