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A standardized, detailed set of techniques and behaviors that manage anxieties, but seldom produce intended, technical consequences of practical results are called
Ordinary Loss
A loss incurred in the normal operation of a business, which can be used to reduce other taxable income on an owner's tax return.
Itemized Deductions
Expenses that taxpayers can subtract from their taxable income, detailed on Schedule A of the tax return.
AGI
Adjusted Gross Income, a measure of income calculated from your gross income and used to determine how much of your income is taxable.
Qualified Mortgage Interest
Interest paid on a mortgage that is eligible for tax deduction within the limits set by the IRS.
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