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One of the features of the classic movie Rebel Without a Cause that ties it to the 1950s is its reflection of
Child Support Payment
Payments made by a non-custodial parent to support their child or children's living expenses.
Alimony Payment
Payments made to a spouse or former spouse under a separation or divorce agreement, which can be deductible for the payer and reportable as income for the recipient, under certain conditions.
Early Withdrawal Penalty
A fee charged for withdrawing funds from an investment or savings account before a specified date.
Above-The-Line Deduction
Deductions from gross income that occur before the calculation of the taxpayer's adjusted gross income.
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