Examlex
In division, the number to be divided is called the ____________________.
Student Loan Interest
The cost incurred from borrowing funds for education, which can often be deducted from taxable income under certain conditions in many tax jurisdictions.
Deduction Limit
The maximum amount that can be subtracted from taxable income for certain expenses, beyond which deductions are no longer permitted or are reduced.
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.
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