Examlex
A retailer that operates a brick-and-mortar store but also sells merchandise on its website is practicing
Itemize
This refers to the process of individually listing tax deductions on one's tax return, rather than taking the standard deduction.
Investment Interest Expense
The amount of interest paid on debt incurred for investments, allowing taxpayers to deduct it under certain conditions.
Gross Investment Income
The total income generated from various investment sources before any deductions or taxes are applied.
Medical Expense Deduction
A tax deduction allowed for unreimbursed medical expenses that exceed a certain percentage of the taxpayer's adjusted gross income.
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