Examlex
Explain two reasons why people drink alcohol and the risks of alcohol use.
Qualified Higher Education Expenses
Expenses related to education, such as tuition and fees, required for enrollment or attendance at an eligible educational institution.
Nontaxable Distribution
A distribution or payout from an investment or account, such as a return of capital, that is not subject to income tax.
Nondeductible Contributions
Payments to certain accounts like IRAs where the investment is made with after-tax dollars, hence not tax-deductible.
IRA
Individual Retirement Account, a savings account with tax advantages that individuals can use to save and invest long-term.
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