Examlex
Under RUPA,a ________ takes place whenever a partner is no longer associated with the running of the firm.
Above-the-line Deduction
A deduction from gross income that can be taken without itemizing deductions, reducing adjusted gross income, and available to all taxpayers who qualify.
Moving Expenses
Costs incurred by an individual or household for relocating to a new residence, which can sometimes be deducted for tax purposes if they are related to starting a new job.
Qualified Education Loans
Loans taken out exclusively for paying higher education expenses that are eligible for certain tax benefits.
Deduction Limit
The maximum amount that can be deducted from taxable income for various expenses or contributions, set by tax regulations.
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