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With respect to deductions for (above) Adjusted Gross Income (AGI) and deductions from (below) AGI, which of the following statements is/are true? Above-the-line deductions can

  1. With respect to deductions for (above) Adjusted Gross Income (AGI) and deductions from (below) AGI, which of the following statements is/are true?
    1. Above-the-line deductions can be claimed even if the taxpayer does not itemize deductions.
    2. Interest paid on student loans is an above-the-line deduction.
  1. "1" only.
  2. "2" only.
  3. Both are true.
  4. Neither are true.

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