Tax Glossary

A nonprofit philanthropic organization that is approved by the U.S. Treasury to receive charitable contribution deductions.

Dividends received after 2002 and before January 1, 2011, that are taxed at the long-term capital gain rate.

A specialized domestic relations court order that conforms to IRS regulations and provides instructions to pension plan administrators and IRA custodians as to how to pay benefits to a divorced spouse.

A retirement plan that meets tax law tests and allows for tax deferment and tax-free accumulation of income until benefits are withdrawn. Pension, profit-sharing, stock bonus, employee stock ownership, and Keogh plans and IRAs may be qualified plans.

A state-sponsored college savings plan or prepayment plan, or a prepayment plan established by a private college.

A filing status entitling the taxpayer with dependents to use joint tax rates for up to two tax years after the death of a spouse.