A taxoayer eho claims the standard dduction rather thanitemizing may still be eligable to claim...

A taxoayer eho claims the standard dduction rather than itemizing may still be eligable to claim all of the following adjustments to income Except

Educator Expenses

Health Savings Account

Medical expense deduction

Student loan interest

Expert Solution

Requirement 1 (Question 1):-

The correct answer to the question is Option B - Health Savings account. Contributions to an Health Savings Account (HSA) are deductible as an adjustment to Income. We generally dont deduct the amount contributed to Health Savings Account as an Itemized deduction but rather this is shown as an adjustment to income.

Option A - Educator expenses are a valid form of Itemized deduction and hence is not the correct answer

Option C - Medical expense in excess of 7.5% of AGI are allowed to be deducted as an Itemized Deduction and hence is a valid form of deduction.

Option D is incorrect as Student Loan interest is an itemized deduction.

ekkarill92 answered 2 years ago

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