[Verse 1] When you're working for yourself, section one-six-two Business costs and travel help reduce what's owed by you Office rent and supplies, meetings with your crew These deductions come first, before we're halfway through [Chorus] Above the line, before we calculate These adjustments help reduce your rate Business costs and student loans too HSA and IRA for you Above the line, they're first in line Making your taxable income shine [Verse 2] Teachers spending their own cash, up to three hundred max Classroom supplies and books, the IRS gives back Health Savings Account, triple tax advantage sweet Student loan interest paid, makes your burden incomplete [Chorus] Above the line, before we calculate These adjustments help reduce your rate Business costs and student loans too HSA and IRA for you Above the line, they're first in line Making your taxable income shine [Verse 3] IRA contributions, traditional saves you now Retirement planning early, Uncle Sam will allow Self-employment tax burden, take half off the top Social Security payments, let that deduction drop [Bridge] Alimony from old divorces, before twenty-nineteen Moving costs for military, active duty scene These adjustments come early, in the tax return flow Reducing your income, before the brackets show [Chorus] Above the line, before we calculate These adjustments help reduce your rate Business costs and student loans too HSA and IRA for you Above the line, they're first in line Making your taxable income shine [Outro] From gross income we start, then adjustments apply Above the line deductions, help your taxes fly by Remember these come first, in the calculation game Above the line adjustments, learn each one by name
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