"Tax Laws and Consequences"

• This week we covered a wide variety of deductions both FOR and FROM Adjusted Gross Income (AGI). Choose a deduction, provide a brief description of the deduction, and identify whether it is FOR or FROM AGI. Provide an example of the deduction you have selected and how it would affect a hypothetical tax situation. Explain if the deduction was impacted by the Tax Cuts and Jobs Act and, if so, how it was impacted.