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Which of the following is a typical example of an instalment loan?
Qualifying Education Expense
Expenses related to education, such as tuition and fees, that are necessary for enrollment or attendance at an eligible educational institution.
Student Loan Interest Deduction
A tax deduction available for the interest paid on student loans used for higher education, which can reduce taxable income.
Child Support Payment
Payments made by a noncustodial parent to assist with the financial support of their children.
Alimony Payment
Payments made to a spouse or ex-spouse under a divorce or separation agreement, potentially deductible for the payer.
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