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Simple English definitions for legal terms

above-the-line

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A quick definition of above-the-line:

Above-the-line refers to a type of deduction that is taken from gross income before calculating adjusted gross income. This means that certain expenses, such as IRA contributions and moving expenses, can be deducted before determining how much tax is owed. In the past, these deductions were written above a dark line on tax returns. The opposite of above-the-line deductions are below-the-line deductions, which are taken after calculating adjusted gross income.

A more thorough explanation:

Above-the-line is an adjective used to describe a type of deduction taken after calculating gross income but before calculating adjusted gross income. This means that these deductions are subtracted from your income before other deductions are made.

Examples of above-the-line deductions include:

  • IRA contributions
  • Moving expenses

These deductions are called above-the-line because they used to be written above a dark line on individual tax returns. By subtracting these deductions from your gross income, you can lower your taxable income and potentially reduce the amount of taxes you owe.

above-stated | abpatruus

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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