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Level 15
Level 15

Tax law changes

1. The deductions for overtime and tips are below the line. They do not reduce AGI.


2. Yes, the deductions for seniors, charitable contributions for non-itemizers, and qualified business income are below the line.


3. That is correct. The $6,000 deduction for seniors and the phase-out ranges are not indexed for inflation. I can't comment on what might have been shown in a webinar.