Deductions for AGI - 'above the line' deductions

Related BrainMass Solutions

• Above the line versus Itemized Deductions

  283921 Taxation: Above-the-line versus Itemized Deductions. Which is better? Above-the-line versus Itemized Deductions What is the difference between above-the-line deductions and itemized deductions ? Which is "better" for the taxpayer? Why?

• We are identifying various deductions such as itemized deduc

  The types of deductions listed are oftentimes called "above the line" deductions, and they reduce the adjusted gross income. The taxable income is then lower, because the adjusted gross income has decreased.

• Differences between the following components of taxable income

  The distinction between the two deductions is often presented in the form of 'above the line' items and 'below the line' items in the financial statements.

• Above the Line or Below the Line when Discussing Adjusted Gross Income

  586910 Discussing Adjusted Gross Income As it relates to Adjusted Gross Income and "Above the Line" or "Below the Line" when changes were made to the tax laws that created the phase out of certain itemized deductions, could there have been another way

• Differences Between the Components of Taxable Income

  What are the differences between -- Deductions for AGI and deductions from AGI: Deduction FOR AGI means you deduct it from income to get to AGI (like half of self-employment tax, Line 27).

• Distinction between deduction for AGI and from AGI

  378473 Importance of the distinction between deduction for AGI and from AGI 1) Why is the distinction between deductions for AGI and deductions from AGI important for individuals?

• I:6-33 For or From AGI Deductions for Roberta

  375700 I:6-33 For or From AGI Deductions for Roberta who is employed by an accounting firm I:6-33 For or From AGI Deductions. Roberta is an accountant employed by a local firm.

• Classify expenditures as deductible for AGI, from AGI or ND

  The interest portion of the mortgage payment is an itemized deduction from AGI. e. Moving expenses are deductible for AGI. They would be reported on the first page of Form 1040 on line 26 of the 2009 form. f.

• What are the differences between the following components of

  Deductions for AGI and deductions from AGI Gross income and AGI AGI and taxable income Tax deduction and tax credit Personal exemption and dependency exemption What are the differences between the following components of taxable income?