The student loan interest deduction is not an above-the-line deduction. False
Other above the line deductions include the following:
In the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service permits a taxpayer or individual to take out from his or her total earnings before any deduction in arriving at "adjusted gross income" for the taxable year. These take-aways are established in Internal Revenue Code Section 62.
Therefore, the correct answer is as given above.
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The complete question goes thus:
quizletthe student loan interest deduction is not an above-the-line deduction. True/False
