Above-the-Line Deductions

Lecture Content

This lecture provides line-by-line coverage of above-the-line deductions claimed on the front page of Form 1040.

Topics Covered

* Educator Expenses
* Business expenses of reservists, performing artists and fee-basis government officials
* Health savings accounts
* Moving expenses
* One-half of self-employment tax
* Self-employed SEP, SIMPLE and qualified plans
* Penalty on early withdrawal of savings
* Alimony
* IRA Deduction
* Student Loan Interest Deduction
* Tuition and Fees deduction
* Domestic Activities Production Deduction
* Other write-in adjustment items

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