Tax CH8 pt1
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6 Terms
1
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What is the gross income threshold for a qualifying relative in 2024?
$5,050
2
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Which expenses are deductible for AGI?
Business expenses, SE tax portion, IRA contributions, student loan interest, HSA contributions
3
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Are scholarships considered support in the support test?
No
4
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What is the standard deduction for a single taxpayer in 2024?
$14,600
5
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Is alimony received after 2018 included in gross income?
No
6
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What type of income is municipal bond interest?
Excluded from gross income
Note 
Flashcards (51)