Why are some deductions called above-the-line deductions and others are called below-the-line deductions? What is the line?

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Why are some deductions called "above-the-line" deductions and others are called "below-the-line" deductions? What is the "line"?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 20, 2017 10:02 AM

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Why are some deductions called above-the-line deductions and others are called below-the-line deductions? What is the line?

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The line is adjusted gross income AGI AGI is considered the line because of the significance it pl...View the full answer

Taxation Of Individuals And Business Entities 2015

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