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1. Subject to limitations, home mortgage interest, points, and ____________ interest qualify as types of interest that can be deducted as an itemized deduction. 2.
1. Subject to limitations, home mortgage interest, points, and ____________ interest qualify as types of interest that can be deducted as an itemized deduction.
2. Which of the following is deductible on a Schedule A?
Work related parking tickets | ||
Life insurance premiums | ||
Specialized phone equipment for a hearing impaired employee's work | ||
Political Contributions | ||
Safe deposit box rent |
3. The tax law treats statutory employees as self-employed workers for purposes of their deducting work-related expenses.
True
False
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