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Withholding Allowances
A system that determines the amount of income tax to be withheld from an employee's paycheck, influenced by personal and financial circumstances.
Lifetime Learning Credits
A tax credit available to taxpayers to offset college and education expenses, aimed at promoting lifelong learning.
Married Filing Separately
A tax filing status for married couples who choose to record their respective incomes, exemptions, and deductions on separate tax returns.
American Opportunity Tax
A credit that helps with the first four years of post-secondary education expenses, offering benefits for tuition, books, and other supplies.
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