Examlex
Perform the indicated operation. If possible, simplify your answer.
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Married Filing Joint
A filing status on U.S. tax returns allowing married couples to combine their incomes, deductions, and credits on a single tax return, potentially leading to tax benefits.
American Opportunity Tax Credit
A credit that allows qualifying students or their parents to reduce their federal income tax based on education expenses paid.
Modified AGI
Adjusted Gross Income with certain deductions added back in, used for determining eligibility for specific tax deductions and credits.
Single Taxpayers
Individuals who file their tax returns under the status of being unmarried without dependents.
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