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15 October, 22:52

Deductions and exemptions are amounts of money you may subtract from your income before you figure your taxes.

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  1. 16 October, 01:08
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    True. Deductions and exemptions are amounts of money you may subtract from your income before you figure your taxes.

    Amount of personal exemptions depends on the individual's legal status and number of dependents.

    Some deductions include medical expenses and educational expenses.
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