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Which of the following is an example of a tax deduction?

A. Interest paid on home mortgage
B. Educational expenses and student loans
C. State and local, sales and property taxes paid
D. Charitable contributions
E. All of these

Sagot :

GinnyAnswer

Final answer:

Tax deductions like mortgage interest can lower taxable income.


Explanation:

Interest paid on home mortgage is an example of a tax deduction that allows taxpayers to deduct the interest they pay on their mortgage from their taxable income, reducing the amount of income subject to tax. Other examples of tax deductions include educational expenses and student loans, state and local taxes paid, and charitable contributions.


Learn more about Tax deductions here:

https://brainly.com/question/33570627


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