A taxpayer may deduct interest expense paid on qualified _________ loans
where the proceeds were used for tuition, fees, books, and other necessary
expenses. The interest is deductible ________ AGI.
education
for
A qualified education loan may be used for expenses related to
At least hal...
How much of a self-employed taxpayer's self-employment tax may be
deducted for AGI?
✓ The employer portion of self-employment tax is deductible.
Which of the following are true regarding an HSA, if the taxpayer is an
employee? (Check all that apply.)
The taxpayer must have a high-deductible health plan.
The taxpayer may have a separate disability insurance plan.
The taxpayer must be over 65.
No permission is required from the IRS to establish the HSA.
The taxpayer may be enrolled in Medicare.
✓ The taxpayer must have a high-deductible health plan.
✓ The taxpayer may have a separate disability insurance plan.
✓ No permission is required from the IRS to establish the HSA.
In 2020, individuals can contribute $ ________to an HSA and family coverage
is limited to contributions of $________ (for taxpayers under 55).
Master01 | October, 2024/2025 | Latest update
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