Question

fill in the blank question for tax years beginning in 2018, a taxpayer’s from agi deductions include the greater of the standard deduction or the taxpayer’s deductions plus deductions for qualified income, qualified overtime compensation, qualified loan interest, seniors, and for qualified income from a trade or.

Explanation:

The question is about tax deductions for tax years starting in 2018. The first blank (after "taxpayer’s from AGI deductions include the greater of the standard deduction or the taxpayer’s") should be "itemized deductions" because from AGI deductions (also called below - the - line deductions) for individuals include choosing the greater of standard deduction or itemized deductions. The second blank (after "qualified overtime compensation, qualified") should be "mortgage" (as in qualified mortgage loan interest) and the third blank (after "and for qualified income from a trade or") should be "business".

Answer:

1. The first blank: itemized deductions
2. The second blank: mortgage
3. The third blank: business