Question: Explain the difference between a deduction for AGI and a deduction from AGI. Which type of deduction would be more advantageous for tax purposes?

Explain the difference between a deduction for AGI and a deduction from AGI.

Which type of deduction would be more advantageous for tax purposes?

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There is no such thing as a deduction for AGI or a deduction from AGI The term used is simply deduction and its impact on your taxes depends on when i... View full answer

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