Question: 1. What is the difference between For and From AGI deductions? 2. Which is better for the taxpayer and why? 3. What is the difference

1. What is the difference between For and From AGI deductions? 2. Which is better for the taxpayer and why? 3. What is the difference between the standard and itemized deductions? 4. What is the effect of the 2018 Tax Cuts & Jobs Act on these deductions? (optional) Based on Exhibit 4-2, Form 1040. Please see attached Forms 1040 for 2019 and 2017. stud est I Note three similarities and three differences between the 2017 tax form and the 2019 tax forms. Three differences (0.50 points each): th oi ind 1 2 3 IN Three similarities (0.15 points each)

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