Examlex
Each is one of the basic types of backups except _____.
Itemized Deductions
Deductions allowed on personal income tax returns for specific expenses, as opposed to taking a standard deduction.
Federal Disaster
An event significant in scale and impact, officially declared by the federal government, triggering access to federal funds and resources for recovery.
Tax Return
The documentation filed with tax authorities detailing income earned, taxes owed, and other information necessary to calculate tax liability.
Adjusted Gross Income
This is your gross income after adjustments have been made for certain deductions, crucial in determining your taxable income.
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