Taxable Income for Individuals

Question 1

Classify as gross income, adjustment, or itemized deduction

Interest

Answer 1

Gross Income

Question 2

Classify as gross income, adjustment, or itemized deduction

Health Savings Account

Answer 2

Adjustment

Question 3

Classify as gross income, adjustment, or itemized deduction

IRA Contribution (Traditional)

Answer 3

Adjustment

Question 4

Classify as gross income, adjustment, or itemized deduction

Pension and Annuity

Answer 4

Gross Income

Question 5

Classify as gross income, adjustment, or itemized deduction

Student Loan Interest

Answer 5

Adjustment

Question 6

Classify as gross income, adjustment, or itemized deduction

IRA Income

Answer 6

Gross Income

Question 7

Classify as gross income, adjustment, or itemized deduction

Charitable Contributions

Answer 7

Itemized Deduction

Question 8

Classify as gross income, adjustment, or itemized deduction

Medical Expenses in Excess of 7.5% of AGI

Answer 8

Itemized Deduction

Question 9

Classify as gross income, adjustment, or itemized deduction

Interest Expense (Home and Investment)

Answer 9

Itemized Deduction

Question 10

Classify as gross income, adjustment, or itemized deduction

Rental Income/Loss

Answer 10

Gross Income

Question 11

Classify as gross income, adjustment, or itemized deduction

K-1 Flow-Through Income/Loss

Answer 11

Gross Income

Question 12

Classify as gross income, adjustment, or itemized deduction

Casualty/Theft Loss Attributable to Federal Declared Disaster

Answer 12

Itemized Deduction

Question 13

Classify as gross income, adjustment, or itemized deduction

One-Half Self-Employment Taxes

Answer 13

Adjustment

Question 14

Classify as gross income, adjustment, or itemized deduction

Unemployment Compensation

Answer 14

Gross Income

Question 15

Classify as gross income, adjustment, or itemized deduction

Interest Withdrawal Penalty

Answer 15

Adjustment

Question 16

Classify as gross income, adjustment, or itemized deduction

Wages

Answer 16

Gross Income

Question 17

Classify as gross income, adjustment, or itemized deduction

Self-Employed Retirement

Answer 17

Adjustment

Question 18

Classify as gross income, adjustment, or itemized deduction

Capital Gain/Loss

Answer 18

Gross Income

Question 19

Classify as gross income, adjustment, or itemized deduction

Social Security Benefits

Answer 19

Gross Income

Question 20

Classify as gross income, adjustment, or itemized deduction

State Tax Refunds

Answer 20

Gross Income

Question 21

Classify as gross income, adjustment, or itemized deduction

Taxes (SALT) or Property/Income or Sales Tax up to $10,000

Answer 21

Itemized Deduction

Question 22

Classify as gross income, adjustment, or itemized deduction

Alimony Paid before Decemeber 31, 2018

Answer 22

Adjustment

Question 23

Classify as gross income, adjustment, or itemized deduction

Self-Employed Health Insurance

Answer 23

Adjustment

Question 24

Classify as gross income, adjustment, or itemized deduction

Educator Expenses

Answer 24

Adjustment

Question 25

# Classify as gross income, adjustment, or itemized deduction Other Income

Answer 25

Gross Income

Question 26

# Classify as gross income, adjustment, or itemized deduction Moving Expenses

Answer 26

Adjustment

Question 27

# Classify as gross income, adjustment, or itemized deduction Alimony Recieved before December 31, 2018

Answer 27

Gross Income

Question 28

# Classify as gross income, adjustment, or itemized deduction Dividends

Answer 28

Gross Income