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EA Individuals > Itemized Vs Above Line Vs Nondeductible > Flashcards

Itemized Vs Above Line Vs Nondeductible Flashcards

(94 cards)

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1
Q

Expense of treatment centers – alcohol, drug related, smoking cessation

A

Itemized deduction on schedule a

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2
Q

Personal theft losses

A

Nondeductible

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3
Q

Expenses related to attending a stockholders meeting

A

Nondeductible

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4
Q

Donating a vehicle

A

Itemized deduction

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5
Q

Repairs, insurance, and rent

A

Nondeductible

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6
Q

Self-employed retirement plans

A

Above the line deduction

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7
Q

Business use of your phone

A

Above the line deduction

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8
Q

Fines and penalties for breaking the law

A

Nondeductible

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9
Q

Donations to civic leagues

A

Nondeductible

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10
Q

Home mortgage interest

A

Itemized deduction

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11
Q

Mortgage interest on vacant land

A

Nondeductible

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12
Q

Amortization premium on taxable bonds

A

Itemized deduction

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13
Q

Marriage licenses, and dog tags

A

Nondeductible

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14
Q

State and local use tax

A

Itemized deduction

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15
Q

Non-cash property donations

A

Itemized deduction

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16
Q

Points on a mortgage loan

A

Itemized deduction

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17
Q

HSA contributions

A

Above the line deduction

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18
Q

Jury duty pay remitted to an employer

A

Above the line deduction

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19
Q

Repayment of supplemental unemployment benefits

A

Above the line deduction

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20
Q

Investment related seminars

A

Nondeductible

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21
Q

Adoption expenses

A

Nondeductible

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22
Q

Claim of right repayment of $3000

A

Itemized deduction

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23
Q

Donations to political groups or candidates

A

Nondeductible

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24
Q

Real estate taxes

A

Itemized deduction

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25
Cosmetic surgery
Itemized deduction – if medically necessary
26
Business expenses for armed force reservist
Above the line deduction
27
Alimony paid
Above the line, deduction - prior to 2019
28
Individual business expenses, not reimbursed
Non-deductible
29
Losses from the sale of a home, furniture, or personal car
Nondeductible
30
Transportation to obtain medical care
Itemized deduction
31
Admission to medical conference related to disease
Itemized deduction
32
Improvements to home for medical reasons
Itemized deduction
33
Meals while working late
Nondeductible
34
Foreign income taxes
Itemized deduction
35
Student loan interest
Above the line deduction
36
Traditional IRA contributions
Above the line deduction
37
Disability insurance premiums
Nondeductible
38
QCD’s
Itemized deduction
39
Ponzi scheme losses
Itemized deduction
40
Cost of raffle, bingo, or lottery tickets
Non-deductible
41
Dues to labor unions
Nondeductible
42
Vet care for medical service dogs
Itemized deduction
43
Investment interest expense
Itemized deduction
44
Attorney fees and court cost for unlawful discrimination claim
Above the line deduction
45
State and local income taxes
Itemized deduction
46
Brokers commissions
Nondeductible
47
Self-employment tax
Above the line deduction
48
Penalty for early withdrawal of savings
Above the line deduction
49
Personal casualty losses
Itemized deduction
50
Late fees on a mortgage loan
Itemized deduction
51
Homeowners association fees
Nondeductible
52
Mortgage insurance premiums
Nondeductible
53
Charity Auctions
Itemized Deductions
54
Reforestation, amortization, and expenses
Above the line deduction
55
Moving moving expenses for members of the armed forces
Above the line deduction
56
Life insurance premiums
Nondeductible
57
Cash donations to qualifying organizations
Itemized deduction
58
Donations to social and sports clubs
Nondeductible
59
Donations to Chamber of Commerce
Nondeductible
60
Donating conservation easements
Itemized deduction
61
Lunch with coworkers
Nondeductible
62
Fees, paid to doctors, hospitals, nursing homes, etc.
Itemized deduction
63
Archer MSA contributions
Above the line deduction
64
Dental and vision expenses
Itemized deduction
65
Donations made to individuals
Nondeductible
66
Gambling losses
Itemized deduction
67
Lost or misplaced cash or property
Nondeductible
68
Moving expenses for non-military employees
Non-deductible
69
Self-employed health insurance
Above the line deduction
70
Business use of your car
Above the line deduction
71
Gym membership fees
Nondeductible
72
Investment property – casualty or theft losses
Itemized deduction
73
Personal property taxes
Itemized deduction
74
Medical equipment, supplies, and diagnostic devices
Itemized deduction
75
Burial or funeral expenses
Nondeductible
76
Voluntary unemployment benefits fund contributions
Nondeductible
77
Business expenses of performing artists
Above the line deduction
78
Taxes to finance property improvements
Non Deductible
79
Excess deductions of an estate or trust
Itemized deduction
80
Jury duty pay that is kept
Nondeductible
81
Health insurance premiums
Itemized deduction
82
Meals and lodging to obtain medical care
Itemized deduction
83
Business expenses of government officials
Above the line deduction
84
Expenses related to the rental of personal property
Above the line deduction
85
Personal credit card interest
Nondeductible
86
Fees and licenses – example car license, or registration cost
Non-deductible
87
Qualifying educator expenses
Above the line deduction
88
Transportation to medical conference for a disease
Itemized deduction
89
Prescription drugs, including insulin
Itemized deduction
90
Foreign property taxes
Nondeductible
91
Long-term care premiums
Itemized deduction
92
Contributions to section 501C 18 D pension plans
Above the line deduction
93
Dues paid to country clubs
Nondeductible
94
Impairment related work expenses
Itemized deduction

EA Individuals (21 decks)

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