Meaning Above-the-line deduction
What does Above-the-line deduction mean? Here you find 3 meanings of the word Above-the-line deduction. You can also add a definition of Above-the-line deduction yourself
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Above-the-line deductionAlso called an adjustment to income. A type of deduction that you may take without having to itemize.
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Above-the-line deductionAbove-the-line deductions are tax items that are subtracted from, or added to, gross income in the calculation of adjusted gross income (AGI). Â
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Above-the-line deductionis a tax deduction that reduces adjusted gross income.
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