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Hardship Withdrawal: A withdrawal from a section 401(k), section 403(b), or section 457 plan that is permitted when the plan participant has an immediate and heavy financial need and the withdrawal is necessary to meet that need.

Head of Household: The filing status used by an unmarried taxpayer who pays over half the cost of maintaining his home that is the principal residence for over half the tax year of his unmarried child or other lineal descendent (this child does not have to be a dependent) or of his dependent married child or other qualified relative. A dependent parent who does not live with the taxpayer may also qualify the taxpayer for the head of household status if qualifications are met. 

Holding Period: The period of time property has been owned for income tax purposes. The holding period determines if gain or loss from the sale or exchange of a capital asset is long or short term. 

Home Office Expenses: Expenses of operating a portion of a residence used for business or employment-related purposes. Several restrictions limit the deduction for home-office expenses.