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Medical Expense Deduction
A tax deduction that allows taxpayers to deduct unreimbursed medical and dental expenses that exceed a certain percentage of their adjusted gross income.
Deduction Limitation
Restrictions or caps placed on the amount that can be deducted from taxable income for various expenses.
AGI Threshold
The point at which certain tax benefits begin to be phased out or limited based on the taxpayer's adjusted gross income.
Personal Casualty Losses
Financial losses suffered from the sudden, unexpected, or unusual damage or loss of property due to events like natural disasters, that may be deductible under certain conditions.
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