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Old 01-23-2012, 12:50 PM
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What are the tax deductions on Schedule A that are affected by Adjusted Gross Income(AGI)?

There are a mumber of deductions on Schedule A that are effected by a taxpayers Adjusted Gross Income amount. The following list of 7 deductions available to taxpayers on Schedule A are effected by the taxpayers AGI and are as follows;
  1. Sec. 67 Miscellaneous Itemized Deductions.

  2. Sec. 68 Total Itemized Deductions.

  3. Sec. 163(h)(3) Mortgage Insurance Premiums.

  4. Sec. 164(a)(6) Qualified Motor Vehicle Taxes.

  5. Sec. 165 Casualty & Theft Loss Allowance.

  6. Sec. 170 Charitable Contributions.

  7. Sec. 213 Medical Deduction Allowance.

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Last edited by TaxGuru : 01-23-2012 at 12:54 PM.


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