Examlex
Which of the following statements is false?
Deduction Limitations
Restrictions placed on the amount that can be deducted from taxable income, often varying by the type of deduction and the taxpayer's income level.
Alimony Deduction
A tax deduction previously allowed for payments made under a divorce or separation agreement to a spouse or ex-spouse, phased out after the 2018 tax year for new agreements.
Divorce Decree
A legal document formalizing the terms of a divorce, including arrangements for alimony, child support, and division of property.
Mortgage Payments
Mortgage payments are regular payments made by a borrower to a lender, typically consisting of principal and interest, for the repayment of a mortgage loan used to purchase property.
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