FOR vs. FROM AGI Flashcards
1
Q
Employer paid/sponsored fringe benefits
A
FOR AGI
2
Q
Educator Expenses (paid by teacher)
A
FOR AGI up to $300
3
Q
Traditional IRA distributions
A
FOR AGI - Principal taxed to extent of amount deducted (prorate), earnings always taxable
4
Q
Worker’s Compensation payments received
A
not included in income
5
Q
Student loan interest
A
FOR AGI
6
Q
Moving expenses (if U.S. Military)
A
FOR AGI
7
Q
50% of SE Tax
A
FOR AGI
8
Q
SE health insurance premiums & retirement plan pmts
A
FOR AGI
9
Q
Alimony paid (before 2019)
A
FOR AGI
10
Q
Medical expenses
A
FROM AGI
11
Q
State & Local taxes
A
FROM AGI
12
Q
Casualty Losses
A
FROM AGI
13
Q
Home mortgage interest expense
A
FROM AGI
14
Q
Investment interest expense
A
FROM AGI
15
Q
Charitable contributions
A
FROM AGI
16
Q
Real Estate taxes (rental vs personal)
A
Rental: FOR AGI (Sch. E)
Personal: FROM AGI
