The above the line deduction is a kind of tax deduction that reduce the adjusted gross income of an individual or a business entity. Example of Above the Line Deduction Let’s assume that an individual A has an income of almost $100,000 per annum.
Above the Line Deduction
Above the line deductions can be defined as certain type of financial deductions that are deducted from the income of the individual before adjusting the income for the deduction of the income tax in the gross format. There are a number of examples of