Examlex
This software artifact lists what the system must not do.
Tax Year
The 12-month period for which tax is calculated, often either the calendar year or a fiscal year established by a business.
Eligible Educational Institution
An accredited post-secondary institution that qualifies for federal student aid programs, where expenses might be eligible for tax deductions or credits.
Loan Interest Deductibility
The ability to subtract the cost of interest on certain loans from your gross income for tax purposes, potentially lowering your taxable income.
Taxable Income
The portion of an individual's or entity's income used to determine how much tax is owed to the government, after all deductions and exemptions.
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