Examlex
A widely shared and consciously held view is called a
Itemized Deductions
These are expenses allowed by the IRS that can be subtracted from adjusted gross income to reduce taxable income, emphasizing personal expenses.
Married Couple
A legal status for two individuals who are united in marriage, recognized by law, affecting tax and legal situations.
Itemizes
The process of listing tax-deductible expenses on a tax return individually, rather than taking the standard deduction.
Separate Returns
Tax returns filed by married individuals choosing not to file a joint tax return with their spouse, often detailing their own income, deductions, and liabilities.
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