Miscellaneous itemized deductions are deductible only:
A) to the extent that in aggregate they exceed two percent of AGI.
B) if the taxpayer takes the standard deduction.
C) if they fall below the limit on standard itemized deductions.
D) None of the above.

Question

Quizplus · Accepted Answer

Miscellaneous itemized deductions can only be deducted to the extent that in aggregate they exceed two percent of the taxpayer's adjusted gross income (AGI). Therefore, choice A is correct. Choices B and C are incorrect as they suggest that miscellaneous itemized deductions can only be claimed if the taxpayer takes the standard deduction or if they fall below the limit on standard itemized deductions, which is not true.

Miscellaneous Itemized Deductions Are Deductible Only