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Terry and Perry are twins. Most people have no difficulty telling them apart. Terry has blonde hair and blue eyes and Perry has dark hair and brown eyes. What type of twins are Terry and Perry?
Adjusted Gross Income
A measure of income calculated from your gross income and allows specific deductions, impacting tax liability.
Medical Care Insurance Premiums
The costs paid for insurance policies that cover medical and surgical expenses; these premiums are often deductible on individual tax returns if certain criteria are met.
Medical Expenses
Costs related to healthcare, including treatments, surgeries, and preventive services, which may be deductible under certain tax conditions.
Itemized Deductions
Specific expenses that taxpayers can claim to reduce their taxable income, as opposed to taking the standard deduction.
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