Examlex
When an electromagnetic wave meets a reflecting surface, the direction taken by the reflected wave is determined by:
AGI Threshold
The point at which certain tax benefits begin to be phased out or limited based on the taxpayer's adjusted gross income.
Personal Casualty Losses
Financial losses suffered from the sudden, unexpected, or unusual damage or loss of property due to events like natural disasters, that may be deductible under certain conditions.
Deductibility
The ability of an expense to be subtracted from gross income, reducing taxable income and the amount of tax owed.
Investment Interest Expense
Interest paid on money borrowed to purchase taxable investments, potentially deductable up to the amount of net investment income.
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