Tax Time Terms

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Across
  1. 1. Form showing annual wages and taxes withheld by employer.
  2. 3. Form reporting miscellaneous income, like from contract work.
  3. 5. Fixed amount you can subtract if not itemizing.
  4. 7. Amount subtracted from AGI to lower taxable income.
  5. 9. Form you give employer to estimate correct tax withholding.
  6. 12. Gross income minus specific adjustments; used for deductions.
  7. 13. Individuals cooperate and report their tax information honestly.
  8. 16. Form reporting income, deductions, and calculating tax liability.
Down
  1. 1. Employer deducts estimated tax from your paycheck.
  2. 2. A person supported by a taxpayer; provides tax benefits.
  3. 3. Form reporting interest income received from banks.
  4. 4. Specific expenses claimed instead of standard deduction.
  5. 6. The portion of gross income subject to tax.
  6. 8. The main form used to file your annual personal tax return.
  7. 10. Money returned when taxes paid exceed taxes owed.
  8. 11. Federal payroll taxes for Social Security and Medicare.
  9. 14. Direct reduction of your actual tax bill owed.
  10. 15. Range of income taxed at a specific percentage rate.