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What is the major product of the following reaction?
Dependent
An individual, usually a child or spouse, who relies on another person (typically a family member) for financial support and qualifies for certain tax benefits on that person’s tax return.
College Fees
Expenses related to attending college, including tuition, room and board, and other related costs.
Qualifying Individual
In tax contexts, this refers to someone who meets certain criteria for eligibility under various credits, deductions, or filing statuses.
Dependent Care Expenses Credit
A tax credit that allows taxpayers to claim a percentage of childcare and similar expenses for qualifying dependents.
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