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What is the difference between internal and external validity
Casualty Loss
A loss resulting from a sudden, unexpected, or unusual event such as a storm, theft, or car accident, which can potentially be deducted from one's taxes.
Insurance Settlement
A payment made by an insurance company to a claimant, insured, or beneficiary under the terms of an insurance policy following a loss.
Adjusted Gross Income
is an individual's total gross income minus specific deductions, used to determine tax liability.
Schedule A
A form used for itemizing deductions on a U.S. individual income tax return, including taxes paid, interest, gifts to charity, and other deductible expenses.
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