Examlex
Planned aggregate expenditures are represented by a line that is:
Married Couple
Married Couple refers to two individuals who are legally married to each other and are recognized as a married pair for legal and tax purposes.
Taxable Income
The portion of an individual’s or entity's gross income that is subject to taxes, after accounting for deductions and exemptions.
Dependency Exemption
A tax deduction available to taxpayers for each qualifying dependent, reducing the taxable income. It has been suspended for tax years 2018 through 2025 under the 2017 Tax Cuts and Jobs Act.
Qualifying Child
A dependent who meets specific IRS criteria related to relationship, age, residency, and support, affecting tax benefits.
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