Keep records of home improvements as long as you own the house. You generally arenât taxed on home-sale profits if you lived in the home for at least two of the past five years and your profit is less than $250,000 if youâre single or $500,000 if married filing jointly.
âº the amount by which something, especially an amount of money, is smaller than it should be: a pension/pension fund deficit. a deficit in sth The company reported that an estimated $31.5 million deficit in this year's operating budget would end up at about $20 million as a result of savings.
surplus. SURPLUS. That which is left from a fund which has been appropriated for a particular purpose; the remainder of a thing; the overplus the residue. (q.v.) See 18 Ves. 466. 2.