The Term "Spa," Was Once Reserved for European Destination Resorts

question 23

True/False

The term "spa," was once reserved for European destination resorts where guests went to "take the waters" to restore a healthy and balanced life?

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Definitions:

Child Tax Credit

A tax credit offered to eligible taxpayers for each qualifying dependent child, intended to help offset the cost of raising children.

American Opportunity Tax Credit

A credit for qualified education expenses paid for an eligible student for the first four years of higher education, aimed at making college more affordable.

Lifetime Learning Credit

A tax credit available to U.S. taxpayers to offset the costs of post-secondary education for themselves, their spouse, or dependents.

Form 1116

Form 1116 is used by taxpayers to claim the Foreign Tax Credit, which is a credit for income taxes paid to a foreign country, reducing the U.S. tax liability on foreign income.