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Taxable Income
The amount of income that is subject to taxation, after all deductions and exemptions are factored in.
Itemized Deductions
Potential reductions to income allowed for certain payments made during the tax year.
Taxable Income
The portion of one's income that is subject to taxes, determined by subtracting allowable deductions and exemptions from the gross income.
Taxable Income
The amount of an individual's or corporation's income that is subject to taxes, after deductions and exemptions.
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