below the lineglossary / BELOW-THE-LINE below-the-line, adj. (Of a deduction) taken after calculating adjusted gross income and before calculating taxable income. • Examples of below-the-line deductions are medical payments and local taxes. Cf. ABOVE-THE-LINE. 词条贡献者 译员Terris,毕业于国内一流的高级翻译学院,擅长翻译有关文旅和酒店领域的法律文件。