Question
(2) Is a contribution to a traditional I.R.A. deductible for A.G.I. , or is this contribution deductible from A.G.I. , or is such a contribution
(2) Is a contribution to a traditional I.R.A. deductible for A.G.I.,
or is this contribution deductible from A.G.I.,
or is such a contribution not deductible at all?
(3) Which of these two possible deductions from A.G.I. should a taxpayer claim:
itemized deductions OR a standard deduction?
In other words, how should a taxpayer decide which of these
two possible deductions should he/she claim?
(4) Is interest income from municipal bonds includable OR excludable?
(5) Are medical expenses completely deductible,
partly deductible (subject to a limit on deductibility),
or non-deductible?
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