While certain teachers get a separate, above - the - line deduction of up to $ 250 for classroom expenses, they often spend more than $ 250. (hrblock.com)
The Trump plan would provide a new above - the - line deduction for childcare expenses of children under age 13 capped at the state specific average cost for children of that age, as well as for eldercare expenses for a parent (subject to a phase out for higher income taxpayers). (elliottdavis.com)
The first formula is «Gross income minus above - the - line deductions equals your adjusted gross income (AGI).» (freemoneyfinance.com)