Above-the-Line Deduction
TaxesDeductions subtracted from gross income to calculate AGI, available even if you take the standard deduction.
Example
Example: On a $75,000 salary, understanding above-the-line deduction could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how above-the-line deduction works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.