Examlex
Factors related solely to death are called _______ statistics.
Itemized Deduction
Deductions from income that taxpayers can claim for specific expenses, as opposed to taking a standard deduction.
Home Equity Indebtedness
Debt secured by a qualified residence that exceeds the acquisition indebtedness, with interest on such debt often being deductible under U.S. tax law.
Acquisition Indebtedness
Debt incurred in acquiring, constructing, or substantially improving a qualified residence of the taxpayer, and secured by the residence.
Qualified Residence Interest
Interest paid on a mortgage for a primary or secondary residence, which can be deductible for taxpayers who itemize deductions.
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