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Individual Returns
Individual returns refer to tax filings made by individual taxpayers, detailing income, deductions, and taxes owed or refunded.
Personal Property Tax
Taxes imposed on movable properties, such as vehicles and equipment, as opposed to real estate.
Deductible
An expense that can be subtracted from gross income to reduce the amount of income subject to tax, often related to business expenses, healthcare costs, and certain individual deductions.
Itemized Deduction
Deductions from income that taxpayers can claim for specific expenses, as opposed to taking a standard deduction.
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