Examlex
Product concept statements should mention one or more benefits the offering will yield.
Standard Deduction
A fixed amount deducted from income before income tax is calculated, available to all taxpayers who do not itemize their deductions.
Married Couple
Two individuals who are legally married to each other and may file taxes jointly or separately.
Filing Status
A category that defines the type of tax return form an individual or entity will use, based on marital status and other factors.
Adjusted Gross Income (AGI)
A person's entire income before adjustments, reduced by certain allowable deductions, to calculate the income subject to tax.
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