Question: Multiple Select Question Select all that apply Which of the following statements are CORRECT when comparing For AGI deductions to From AGI deductions? ( Choose
Multiple Select Question
Select all that apply
Which of the following statements are CORRECT when comparing For AGI deductions to From AGI deductions? Choose all that apply.
For deductions are subtracted directly from adjusted gross income.
From AGI deductions are generally preferred over deductions for AGI.
Certain from AGI deductions may not have an effect on taxable income despite the taxpayer incurring the expense.
For deductions are also called deductions "below the line" or "itemized deductions."
Deduction for AGI reduce AGI thus reducing the limitations on other tax benefits that are decreased or phased out for higher income taxpayers.
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