Compare and contrast for and from agi deductions

Assignment Help Taxation

Reference no: EM13905674

1. Compare and contrast for and from AGI deductions. Why are for AGI deduc- tions likely more valuable to taxpayers than from AGI deductions?

2. What is the difference between gross income and adjusted gross income, and what is the difference between adjusted gross income and taxable income?

3. How do taxpayers determine whether they should deduct their itemized deduc- tions or utilize the standard deduction?

Reference no: EM13905674

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