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Frank and Debra are expecting their first child. Because there is a genetic disorder that runs in Frank's family, they are considering having chorionic villus sampling (CVS) done. What should they know before they make their decision?
Lifetime Learning Credit
A tax credit available in the United States for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution, aiming to promote post-secondary education.
Tax Advantage
Financial benefits and savings provided through exemptions, deductions, and credits that reduce the amount of tax owed.
Earned Income Credit
A refundable tax credit for low to moderate-income working individuals and families, aimed at decreasing the amount of tax owed and potentially returning money to the taxpayer.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
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