_____________ are expenses that a taxpayer is allowed to deduct from adjusted gross income.

Question

Quizplus · Accepted Answer

Itemized deductions are expenses that a taxpayer can deduct from their adjusted gross income. These expenses include things like mortgage interest, state and local taxes, charitable donations, and medical expenses. Taxpayers can choose to either take the standard deduction or to itemize their deductions on their tax return, whichever is more beneficial to them.

_____________ Are Expenses That a Taxpayer Is Allowed to Deduct