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JAMISON CFP CARDS > EXLUSIONS / ATL DEDUCTIONS / ITEMIZED > Flashcards

EXLUSIONS / ATL DEDUCTIONS / ITEMIZED Flashcards

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CFP® flashcards
1
Q

MUNI BOND INTEREST

A

EXCLUSION

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2
Q

ACCIDENT + HEALTH PLANS: EMPLOYER PREMIUMS

A

EXCLUSION

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3
Q

FRINGE BENEFITS

A

EXCLUSION

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4
Q

INHERITANCE & GIFTS

A

EXCLUSION

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5
Q

ACCIDENT + HEALTH PLANS: AMOUNTS RECEIVED

A

EXCLUSION

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6
Q

SCHOLARSHIPS

A

EXCLUSION

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7
Q

PERSONAL RESIDENT SALE GAINS (250K / 500K)

A

EXCLUSION

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8
Q

ADOPTION ASSISTANCE

A

EXCLUSION

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9
Q

DEATH BENEFITS

A

EXCLUSION

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10
Q

DEPENDENT CARE ASSISTANT PROGRAMS

A

EXCLUSION

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11
Q

EDUCATIONAL ASSISTANCE PROGRAMS

A

EXCLUSION

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12
Q

DEBT DISCHARGES (IN CERTAIN CIRCUMSTANCES)

A

EXCLUSION

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13
Q

MEALS AND LODING FOR EMPLOYEES

A

EXCLUSION

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14
Q

INTEREST ON EDUCATION SAVINGS BONDS: EE / I BONDS

A

EXCLUSION

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15
Q

COMPENSATORY DAMAGES COMPENSATION

A

EXCLUSION

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16
Q

SUPPORT PAYMENTS RECEIVED (CHILD SUPPORT PAYMENTS + POST 2018 ALIMONY)

A

EXCLUSION

17
Q

EDUCATOR EXPENSES: 300 / INDIVIDUAL

A

ABOVE THE LINE DEDUCTION

18
Q

BUSINESS EXPENSES FOR GOV. OFFICIALS WHO WORK ON A FEE BASIS, PERFORMING ARTISTS, MEMBERS OF THE MILITARY RESERVE FORCES WHO TRAVEL MORE THN 100 MILES TO PERFORM RESERVE SERVICES

A

ABOVE THE LINE DEDUCTION

19
Q

HSA CONTRIBUTIONS WITH AFTER-TAX MONEY

A

ABOVE THE LINE DEDUCTION

20
Q

MOVING EXPENSES FOR ACTIVE DUTY U.S. ARMED FORCES

A

ABOVE THE LINE DEDUCTION

21
Q

EMPLOYER PORTION OF SE TAX (1/2 OF SE TAX)

A

ABOVE THE LINE DEDUCTION

22
Q

RETIREMENT ACCOUNT CONTRIBUTIONS FOR SELF EMPLOYED INDIVIDUALS AND SMALL BUSINESS OWNERS

A

ABOVE THE LINE DEDUCTION

23
Q

COST OF HEALTH INSURANCE PREMIUMS FOR SELF-EMPLOYED WORKES INCLUDING DENTAL AND LONG TERM CARE INSURANCE
*if no other options are available

A

ABOVE THE LINE DEDUCTION

24
Q

EARLY WITHDRAWAL PENALTIES OF SAVINGS ACCOUNTS, LIKE A CD

A

ABOVE THE LINE DEDUCTION

25
Q

ALIMONY PAYMENTS THAT TOOK EFFECT BEFORE 2019

A

ABOVE THE LINE DEDUCTION

26
Q

TRADITIONAL IRA CONTRIBUTIONS

A

ABOVE THE LINE DEDUCTION

27
Q

STUDENT LOAN INTEREST FOR UP TO $2,500 OF INTEREST PAID

A

ABOVE THE LINE DEDUCTION

28
Q

QUALIFYING MEDICAL / DENTAL EXPENSES IN EXCESS OF 7.5% AGI

A

ITEMIZED DEDUCTION

29
Q

STATE AND LOCAL TAXES UP TO $10,000

A

ITEMIZED DEDUCTION

30
Q

MORTGAGE INTEREST PAID ON UP TO $750,000 OF DEBT

A

ITEMIZED DEDUCTION

31
Q

CASH DONATIONS TO CHARITY (LIMITED TO 60% AGI)

A

ITEMIZED DEDUCTION

JAMISON CFP CARDS (8 decks)

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