The tax benefit rule applies when a taxpayer refunds amounts that were previously included in income.
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Q13: Unemployment benefits are excluded from gross income.
Q15: Interest income is taxed in the year
Q16: The cash method of accounting requires taxpayers
Q17: A taxpayer who borrows money will include
Q18: Wherewithal to pay represents the principle that
Q19: Recognized income may be in the form
Q22: A portion of each payment received from
Q23: Generally, 85 percent of Social Security benefits
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Q25: Earnings from Internal Revenue Code Section 529
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