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Refundable Tax Credit

A tax credit that can reduce a person's tax liability below zero, meaning the government will pay the taxpayer the difference as a refund if the credit is larger than their tax bill.

Internal Revenue Code of 1986

The main body of federal tax law in the United States, which the IRS uses to administer taxes.

Taxable Year

The annual accounting period for keeping records and reporting income and expenses, typically January 1 to December 31 for most individual taxpayers.

Secretary of Health and Human Services

The head of the U.S. Department of Health and Human Services, a cabinet-level position responsible for public health and welfare programs.

Unauthorized Access

Gaining entry to something, like a firearm, without permission or proper authority, such as by a child or a thief.

Joint Return

A single tax return filed by a married couple that reports their combined income, exemptions, and deductions.