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Tax Credit

A direct reduction in the amount of income tax owed by a taxpayer, dollar for dollar. Unlike a deduction, which reduces taxable income, a credit reduces the tax itself.

Assisted Reproductive Technology (ART)

Medical procedures used to address infertility, such as in-vitro fertilization (IVF), which involves combining eggs and sperm outside the body in a laboratory.

Adjusted Gross Income (AGI)

A calculation used on tax forms that determines how much income is taxable after certain deductions but before standard or itemized deductions.

Joint Return

A single income tax return filed by a married couple, combining their incomes and deductions.

Taxable Year

The annual accounting period for keeping records and reporting income and expenses to the IRS, typically January 1st to December 31st for most individual taxpayers.

Internal Revenue Code of 1986

The main body of federal tax law in the United States, which the IRS enforces. This bill proposes an amendment to this code.