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Identify the major public assistance programs.
Deduction Limit
Maximum amount that can be deducted from taxable income for certain expenses or contributions, as specified by tax laws.
Itemized Deduction
Itemized deductions are specific expenses allowed by the IRS that can be deducted from taxable income to reduce the amount of tax owed.
Moving Expenses
Costs incurred for relocating, which in certain situations, may be deductible for tax purposes.
Above-the-line Deduction
A deduction from gross income that can be taken without itemizing deductions, reducing adjusted gross income, and available to all taxpayers who qualify.
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