Which of the following, if any, is a deduction for AGI?
A)State and local sales taxes.
B)Interest on home mortgage.
C)Charitable contributions.
D)Unreimbursed moving expenses of an employee (not in the military).
E)None of these.

Question

Quizplus · Accepted Answer

None of the options listed (A through D) are deductions for adjusted gross income (AGI). They are itemized deductions or, in the case of D, no longer deductible for most taxpayers under recent tax law changes. Deductions for AGI, also known as "above-the-line" deductions, are subtracted from gross income to arrive at AGI and include items like educator expenses, student loan interest, and contributions to certain retirement accounts, none of which are listed among the options provided.

Which of the Following, If Any, Is a Deduction for AGI