taxable

Though called a tax credit, it is effectively an income guarantee, paid monthly regardless of whether a family has earned any taxable income.

Life insurance proceeds typically aren’t taxable, or payable to a minor child.

The account becomes taxable to the beneficiary in the year you die, which means the HSA loses one of its three tax breaks.

But investments held in revocable trusts, such as living trusts, should qualify for the favorable step-up in basis that would eliminate the taxable capital gain at his death.

UK workers will not be able to sell the shares for three years, after which they will be taxable, unless they are held for five years.