Examlex
What Federal income tax benefits are provided for college students?
Cash Payments
Financial transactions involving the transfer of currency or check from buyer to seller without the use of credit.
Dependent Child
A child who meets certain IRS criteria allowing a taxpayer to claim them for tax benefits.
Self-Employment Tax
A financial obligation made up of Social Security and Medicare fees, chiefly for people who are in self-employment.
AGI Deduction
Adjustments made to gross income to calculate the adjusted gross income (AGI), which can include contributions to retirement accounts, student loan interest, and other eligible deductions.
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