For the individual, is a term derived from a solid bold line on Form 1040 and 1040A' ABOVE THE LINE' for adjusted gross income. Items above the line prior to coming to adjusted gross income, for example, can include: IRA contributions, half of the self-employment tax, self-employed health insurance deduction, Keogh retirement plan and self-employed SEP deduction, penalty on early withdrawal of savings, and alimony paid. A taxpayer can take deductions above the line and still claim the standard deduction.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). above the line. Retrieved September 22, 2026, from http://smartdefine.org/above_the_line/definitions/1146917 |
| Chicago | Barry Goldsmith. 2010. "above the line" http://smartdefine.org/above_the_line/definitions/1146917 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, above the line, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/above_the_line/definitions/1146917>. |
| MLA | Barry Goldsmith. "above the line" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/above_the_line/definitions/1146917> |