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16 March, 14:03

Which of the following itemized deductions is not subject to the itemized deduction phase-out? gambling losses. mortgage interest. state income tax. charitable contributions. All of the choices are subject to the itemized deduction phase-out.

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  1. 16 March, 14:20
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    Answer: Gambling losses

    From the given options, the following itemized deduction is not in regards to itemized deduction phase-out : Gambling losses

    Itemized deductions are refereed to as qualified expenses that a person can demand on income tax returns and this will reduce their taxable income, and hence is demanded at place of a standard deduction.
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Home » Business » Which of the following itemized deductions is not subject to the itemized deduction phase-out? gambling losses. mortgage interest. state income tax. charitable contributions. All of the choices are subject to the itemized deduction phase-out.
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