Which of the following is TRUE regarding changes to 2020 tax law for individuals? ...
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Accounting
Which of the following is TRUE regarding changes to 2020 tax law for individuals?
Employers may pay up to $5,250 toward an employee's student loan principal and interest. This amount may be excluded from the employee's taxable income.
Individuals may claim up to $500 of charitable contributions as an above-the-line deduction.
Extended unemployment benefits are not taxable income.
A high-deductible health plan (HDHP) may only pay for remote medical care for COVID-19-related treatment after the plan deductible is met.
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