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Traditional IRA
An individual retirement account that offers tax deferral on contributions and investment gains, with taxes paid on money withdrawn during retirement.
Coverdell Education Savings Account
An investment account in the U.S. with tax benefits, intended to promote savings for future educational costs.
AGI
Adjusted Gross Income, which is gross income minus adjustments, and serves as a basis for calculating taxable income on an individual's tax return.
Qualified Higher Education Expenses
Expenses related to education, such as tuition and fees, required for enrollment or attendance at an eligible educational institution.
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