The IRS allows you to reduce your adjusted gross income by either the amount of...
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Accounting
The IRS allows you to reduce your adjusted gross income by either the amount of your standard deduction based on your filing status, or by the sum of your itemized deductions.
The following statement refers to deductions from adjusted gross income.
Specific taxdeductible expenses that reduce adjusted gross income are called
The US Individual Income Tax Return Form Schedule A lists six areas of itemized deductions. Which of the following can be included in itemized deductions?Check all that apply.
Retirement plan contributions
Gambling losses but only to the extent of gambling winnings
Interest you paid
Gifts to charity
Child care expenses
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