Glossary for Taxes

  1. Adjusted Gross Income (AGI)
    The total of an individual’s wages, salaries, interest, dividends, etc., minus allowable deductions.
  2. Capital Gain
    Profit from the sale of assets, as bonds or real estate.
  3. Capital Loss
    Loss from the sale of assets, as of bonds or real estate.
  4. Gift Tax
    A tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor.
  5. Gross Income
    Total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc.
  6. Income
    The monetary payment received for goods or services, or from other sources, as rents or investments.
  7. Income Tax
    A tax levied on incomes, especially an annual government tax on personal incomes.
  8. Tax
    A sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.




Advertiser Disclosure

CreditSoup is an independent, advertising-supported comparison service. The card offers that appear on this site are from companies from which CreditSoup receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditSoup does not include all card companies or all card offers available in the marketplace. CreditSoup may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

Editor’s Rating

Our editors review each credit card and provide our ratings based on the features the credit card offers consumers including the fees, interest rates, benefits, rewards, and how it compares to other credit cards in its category. Card ratings may vary by category as the same card may receive a different rating based on that category.

CreditSoup.com may be compensated by companies mentioned on our site when a consumer’s application is accepted or approved by the company.