|Health Savings Account (HSA)
||An account that offers individuals covered by high-deductible health plans (HDHPs) tax-favored opportunities to save for medical expenses.
|Highly Compensated Employee (HCE)
||For benefit plan purposes, an employee who receives compensation in the top 20% of all employees, is a 5% owner of the business, and exceeds certain annual compensation levels.
||A corporation that has no other function except owning other corporations.
||The difference between a home’s current market value and the sum of all claims against it.
|Home Equity Loan
||A loan in which the lender allows the borrower to use the equity in his or her home as collateral for a line of credit, or revolving credit. The borrower may then obtain cash advances by using a credit card, or checks, up to some predetermined limit.
||A federal tax credit that compensates families for a certain amount of tuition per student per year for the first two years of post-secondary education.
||Horizontal equity says that people in the same income groups should be taxed at the same rate.
||The combined income of all household members from all sources. These sources include wages, commissions, bonuses, Social Security and other retirement benefits, unemployment compensation, disability, interest and dividends.
||The ratio of a person’s monthly housing payment to his or her total monthly income.