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Tax Credit

A direct reduction in the amount of income tax a person owes. Unlike a deduction, which reduces taxable income, a credit reduces the tax bill dollar-for-dollar.

Adjusted Gross Income (AGI)

Your gross income (total income from all sources) minus certain deductions. It's a key figure on your tax return used to determine eligibility for various tax benefits.

Activities of Daily Living (ADLs)

Basic self-care tasks that people typically do every day, such as bathing, dressing, eating, using the toilet, moving from a bed to a chair, and controlling bladder and bowel functions.

Instrumental Activities of Daily Living (IADLs)

More complex activities necessary for independent living, such as managing money, preparing meals, shopping, doing housework, using the telephone, and managing medication.

Multigenerational Home

A household that includes more than two adult generations, or a grandparent and at least one other generation where the grandparent is the primary caregiver for the grandchildren.

Attestation

A formal statement or declaration that something is true, often required to be signed by a qualified professional like a licensed health care provider.