A tax credit is an amount of money that taxpayers can subtract directly from the taxes that they owe. Tax credits reduce the actual amount of tax owed, unlike deductions, which lower the amount of taxable income. The value of a tax credit depends on the nature of the credit; certain types of tax credits are granted to individuals or businesses in specific locations, classifications, or industries.

The healthcare sector consists of all businesses involved in the provision and coordination of medical and related goods and services. It is one of the largest and most complex sectors of the U.S. economy, accounting for 18% of gross domestic product (GDP).

A retirement planner is a financial planner who specializes in helping people to prepare a retirement plan that works best for them. These professionals focus on what the client’s needs will be once they stop working, taking into consideration how much they wish to have, where they live, and other important financial metrics. This means not only ensuring that retirees have a big-enough pension to live comfortably, but also addressing other requirements such as estate planning and insurance.

The Family and Medical Leave Act (FMLA) is a labor law, enacted in 1993, that protects the jobs of employees who need to take a leave of absence for personal or family reasons.

A high-deductible health plan (HDHP) has a health insurance plan with a sizable deductible for medical expenses. An HDHP usually has a larger annual deductible (usually four figures) than a typical health plan but charges lower monthly premiums. Plans fully cover routine preventive care, which means that individuals aren't responsible for copays or coinsurance.