Above-the-Line Deduction
TaxesTax deductions subtracted from gross income to calculate adjusted gross income, available regardless of whether you itemize.
Example
For a single filer earning $85,000, understanding above-the-line deduction could reduce their tax bill by $500-$2,000 or more. This concept applies when calculating your total liability and identifying opportunities for legitimate tax savings. Check your numbers with our income tax calculator.