Examlex
Suppose you read an article, and the author states: "Unlike diamonds, attachments are not forever." Would longitudinal research findings support this statement?
Personal Exemption
A deduction allowed by the IRS for taxpayers, their spouses, and dependents, significantly reduced to $0 for tax years 2018 through 2025 under the Tax Cuts and Jobs Act.
Dependent
An individual, often a child or spouse, who relies on another person for financial support and can qualify the provider for tax exemptions.
Federal Individual Income Tax
A tax levied by the IRS on the annual earnings of individuals, estates, and trusts.
1040ES
Form 1040-ES is used by taxpayers to estimate their taxes for the year and make quarterly payments. It is typically used by self-employed individuals or those without sufficient tax withholding.
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