Which of the following is a true statement?
A) Taxpayers are not allowed to receive a moving allowance from their employers.
B) Self-employed taxpayers are allowed to deduct health care premiums even if the taxpayer is eligible to participate in an employer-provided health plan.
C) The deduction for moving expenses is subject to a phase-out limitation.
D) The deduction for interest on educational loans is subject to a phase-out limitation.
E) All of the choices are false.

Question

Quizplus · Accepted Answer

The deduction for interest on educational loans is subject to a phase-out limitation based on the taxpayer's modified adjusted gross income.

Which of the Following Is a True Statement