Question

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.

Answer 1

Answer:

B

Explanation:

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