- Tax Forms and Instructions
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Some common words found in tax forms and tax-related documents appear below.
Alien: This term generally refers to any person who is not a U.S. citizen.
Compensation/Earnings: Wages, salaries, and tips.
Dependents: Generally refers to spouse and children living in the same home as the taxpayer.
Effectively Connected Income: All income, gain or loss from U.S. sources. This pertains to F, J, Q and M visa holders.
Exempt Individual: A person who does not have to count their days of presence in the U.S.
Income: Wages, salaries, tips, interest, dividends, and some scholarships/fellowship grants.
Income Tax Return: A statement filed (submitted) by each individual taxpayer to the IRS or State of New York.
IRS: Internal Revenue Service
Itemized Deductions: Additional amounts which individuals may subtract from income when calculating the taxes they owe. Examples of itemized deductions include charitable contributions, state and local tax withheld, etc.
Standard Deduction: The standard amount that individuals may subtract from income when calculating taxes owed.
Student: A person temporarily in the U.S. on an F, J, Q, or M visa.
Teacher or Trainee: A person who is not a student & who is temporarily in the U.S. on a J or Q visa.
Withholding: U.S. income tax automatically taken from your paycheck.