Above-the-line deductions and itemized deductions
Above-the-line versus Itemized DeductionsProblem: What is the difference between above-the-line deductions and itemized deductions ? Which is "better" for the taxpayer? Why? Where would you find each of these types of deductions on your Form 1040?
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Provides additional guidance on implementing or applying FASB Standards or Interpretations.
What is the difference between above-the-line deductions and itemized deductions ? Which is "better" for the taxpayer? Why? Where would you find each of these types of deductions on your Form 1040?
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