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What is the purpose of the FCC?
Dependent Care Assistance Plans
Benefit plans offered by employers that allow employees to use pre-tax dollars to pay for dependent care expenses.
Married Filing Separately
A filing option for married partners that enables them to report their personal income, deductions, and exemptions separately on individual tax returns.
Modified AGI
Adjusted Gross Income with certain deductions and exclusions added back in, used to determine eligibility for certain tax benefits.
Adjusted Gross Income
An individual's total gross income minus specific deductions allowed by the IRS, used to determine tax liability.
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