Which of the following expenses, if any, qualify as deductible?
A)Contributions to a Coverdell Education Savings Account (CESA).
B)Contributions to a qualified tuition program (§ 529 plan).
C)Job hunting expense of FBI agent who applies for the job of city manager of Beaumont (TX).
D)Contribution to a traditional IRA.
E)None of the above.

Question

Quizplus · Accepted Answer

Contributions to a traditional IRA are deductible, subject to certain conditions and limits, while the other options do not qualify as deductible expenses.

Which of the Following Expenses, If Any, Qualify as Deductible