Examlex
For the method of continuous variation,which is NOT true?
Credit
A direct reduction of tax owed, not just a reduction of taxable income, which can also refer to borrowing capacity in financial contexts.
Credit for the Elderly
A tax credit available to taxpayers aged 65 and older, aimed at reducing the tax liability for qualified individuals.
Permanent Disability
A condition where an individual is unable to work and earn income due to a long-term injury or illness, often leading to eligibility for certain benefits.
Child Tax Credit
A tax benefit offered to taxpayers for each qualifying child, aimed at reducing the tax liability and potentially increasing the tax refund.
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