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Medical Insurance Premium
The amount paid periodically to a health insurer for health coverage, often deductible under certain conditions.
Modified Adjusted Gross Income
An individual’s total gross income with certain adjustments. This figure is used for determining eligibility for certain tax benefits.
Qualified Education Loans
Loans taken out solely to pay for qualified higher education expenses, potentially eligible for interest deductions.
Higher Education Expenses
Costs related to attending a post-secondary educational institution, including tuition, fees, books, and supplies, which may qualify for tax credits or deductions.
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