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Health Savings Account
A tax-advantaged savings account available to taxpayers enrolled in high-deductible health plans, used to pay for eligible medical expenses.
Employer Contributions
Payments made by an employer into employees' benefits or retirement plans, which are often tax-deductible for the employer.
Deductible
An amount that can be subtracted from income before calculating the amount of tax owed, often related to expenses incurred.
Alimony Deduction
A tax deduction that allows individuals to subtract alimony payments made to a former spouse from their taxable income.
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