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above the line
adverb
- line131
above-the-line
adjective
- denoting entries printed above the horizontal line on a company's profit-and-loss account separating the entries that show how the profit (or loss) was made from the entries showing how the profit is to be distributed
- (of an advertising campaign) employing an advertising agency to use the press, television, radio, cinema, and posters
- (in national accounts) denoting transactions concerned with revenue shown above a horizontal line that separates them from capital transactions Compare below-the-line
Compare Meanings
How does above the line compare to similar and commonly confused words? Explore the most common comparisons:
Example Sentences
An exception could be if a law ends up being written in a way that allows for the tax deduction to be taken as a so-called above-the-line adjustment, which essentially allows the deduction to be taken in addition to the standard deduction.
During Trump's presidency, the Tax Cut and Jobs Act of 2017 raised the standard deduction and cut many deductions that used to be eligible for itemizing, so it would be a departure from his and other Republicans' tax policies to create an above-the-line adjustment for car loan interest.
Even if the law allows for an above-the-line deduction, that might not be worth it for many Americans either, as that could create a risk of someone taking out a car loan to the detriment of their finances.
Although Newsom’s Sunday proposal would represent a substantial increase in funding, it doesn’t remove other restrictions in the state’s incentive program, including a provision that excludes the salaries of actors and other above-the-line costs that are a big portion of film budgets.
A number of improvements to California’s tax incentive system have been discussed — such as expanding the program to cover commercial production and salaries for stars and other above-the-line employees.
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