Examlex
Business process reengineering is extremely fast and economical.
Full-Time Student
A status for individuals enrolled in a higher educational institution with a full course load, impacting tax credits and dependency status for taxes.
Personal Exemption
A deduction allowed by the IRS for the taxpayer, the spouse, and eligible dependents, significantly reduced and effectively eliminated with the Tax Cuts and Jobs Act for tax years 2018 through 2025.
Legally Divorced
The formal termination of a marriage by a court or other competent body, restoring the individuals to single status with legal rights to remarry.
Dependent Children
Children who rely on their parents or guardians for financial support and may qualify the supporter for certain tax benefits.
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