Discussion: "Tax Laws and Consequences"
• We covered a wide variety of deductions both FOR and FROM Adjusted Gross Income (AGI). Choose a deduction, provide a brief description of the deduction, and identify whether it is ‘FOR' or ‘FROM' AGI. Provide an example of the deduction you have selected and how it would affect a hypothetical tax situation. Explain if the deduction was impacted by the Tax Cuts and Jobs Act and, if so, how it was impacted.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.