Why are some deductions called above the line deductions
1. Why are some deductions called "above the line" deductions and others are called "below the line" deductions? What is the "line"?
2. What is the difference between a tax deduction and a tax credit? Is one more beneficial than the other? Explain.
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1 why are some deductions called above the line deductions and others are called below the line deductions what is
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