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"Once in a Lifetime" Tax Exclusion |
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"Once in a Lifetime" Tax ExclusionA forgiveness of a portion of the tax due on the sale of a residence by a senior citizen. As the term denotes, the exclusion can be taken only once."Once in a Lifetime" Tax Exclusion Similar MatchesPolicy exclusionsPolicy exclusionsThese are events, instances or possessions which are not covered by your household or other insurance policy. This can be confusing as the main policy may seem to imply that such events, instances or possessions are covered only to excluded in the small print of the policy. Moral: Read the small print. Income exclusion ruleIncome exclusion ruleThe IRS rule that excludes certain types of income from taxation, e.g., welfare payments. Annual exclusionAnnual exclusionA tax rule allowing the deduction of certain income from taxation. Mutual exclusion doctrineMutual exclusion doctrineThe doctrine that ruled that municipal bond interest is federal tax-free. In return for this federal tax exemption, states and localities cannot tax interest generated by federal government securities. Robots Exclusion StandardRobots Exclusion Standard(or "RES") - a de facto standard which allows a website administrator to tell search engine spiders and other robots which pages of a website they are allowed to visit and which are off limits. Further SuggestionsexclusionExclusions |
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