OBBBA Part 2

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Across
  1. 2. Under the OBBBA, the cap on the ___ itemized deduction was increased from its TCJA level
  2. 5. The OBBBA introduced a ___ deduction for certain types of occupations, and it has a maximum amount of $25,000 and begins phasing out at $150,000 for single filers
  3. 6. A taxpayer cannot ___ and take the standard deduction
  4. 8. The OBBBA introduced a .5% floor for the deduction of these contributions
Down
  1. 1. To claim many of the new OBBBA deductions, the taxpayer must NOT have a filing status of married filing ____
  2. 3. Taxpayers who are 65 years and older or ____ receive an additional standard deduction
  3. 4. The ____ deduction has a maximum amount of $6,000 per eligible taxpayer
  4. 7. The OBBBA introduced a deduction for ___ loan interest with a maximum of $10,000