"Tax Laws and Consequences" This week we covered a wide variety of deductions both FOR and FROM Adjusted Gross Income (AGI). Choose a deduction, provide a brief description of the deduction, and identify whether it is ‘FOR’ or ‘FROM’ AGI. Provide an example of the deduction you have selected and how it would affect a hypothetical tax situation. Explain if the deduction was impacted by the Tax Cuts and Jobs Act and, if so, how it was impacted. .

1. "Tax Laws and Consequences"
This week we covered a wide variety of deductions both FOR
and FROM Adjusted Gross Income (AGI). Choose a deduction,
provide a brief description of the deduction, and identify
whether it is ‘FOR’ or ‘FROM’ AGI. Provide an example of the
deduction you have selected and how it would affect a
hypothetical tax situation. Explain if the deduction was
impacted by the Tax Cuts and Jobs Act and, if so, how it was
impacted.