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Personal Exemptions
Deductions allowed by the IRS on income tax for the taxpayer and dependents, though largely eliminated for tax years 2018 through 2025.
Amount
A quantitative measure or sum of money.
Exemption
A deduction allowed by law to reduce the amount of income that would otherwise be taxed. These are often provided for the taxpayer, their spouse, and dependents.
Full-Time Student
An individual enrolled in a higher education institution for the number of hours or courses the school considers to be full-time attendance.
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