Above-the-line deductions and itemized deductions


Task:

Above-the-line versus Itemized Deductions

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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Accounting Basics: Above-the-line deductions and itemized deductions
Reference No:- TGS01928415

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