Which of the following is a true statement? A. The deduction for interest on educational loans is subject to a phase-out limitation. B. The deduction for moving expenses is subject to a phase-out limitation. C. Self-employed taxpayers are allowed to deduct health care premiums even if the taxpayer is eligible to participate in an employer-provided health plan. D. Taxpayers are not allowed to receive a moving allowance from their employers. E. All of the above are false.

Question

Melody Baker

4 October, 03:12

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Answers (1)

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Gabrielle Monroe · Answer 1

B

Explanation:

The deduction for moving expenses is subject to a phase-out limitation