Question

In: Accounting

Which of the following may not be included at all as an itemized deduction on a...

Which of the following may not be included at all as an itemized deduction on a tax return?

Group of answer choices

Charitable contributions

Investment interest expense

Home mortgage interest

Credit card interest

Solutions

Expert Solution

Answer is Credit card interest

The first 3 items listed –Charitable contribution, Investment interest expense and home mortgage interest are available as itemized deduction in filing the returns with IRS. Credit card interest is not eligible for itemizing deduction. So Answer is Credit card interest.


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