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Allowing Individuals to Deduct a Standard Deduction Amount in Lieu

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Allowing individuals to deduct a standard deduction amount in lieu of itemizing their allowable personal deductions is an application of the


Definitions:

Resilience

The ability to recover quickly from difficulties; a form of emotional strength.

Optimism

A mental attitude characterized by hope and confidence in success and a positive future.

Posttraumatic Growth

Positive psychological changes experienced as a result of the struggle with highly challenging life circumstances.

State Of Mindfulness

The practice of being fully present and engaged in the moment, aware of one's thoughts and feelings without distraction or judgment.

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