Question: Why is the distinction between deductions for AGI and deductions from AGI important for individuals? Question content area bottom Part 1 A. Deductions for AGI
Why is the distinction between deductions for AGI and deductions from AGI important for individuals? Question content area bottom Part 1 A. Deductions for AGI reduce the taxpayer's taxable income by the full amount of the deduction only when the standard deduction is used. Deductions from AGI reduce the taxpayer's AGI. Also, many deductions from AGI are decreased by a percentage of AGI. B. Deductions for AGI reduce the taxpayer's taxable income by the full amount of the deduction even if the standard deduction is used. Deductions from AGI are not beneficial unless their sum exceeds the standard deduction, in which case these deductions will be included as itemized deductions. Also, some deductions from AGI are decreased by a percentage of AGI. C. Deductions from AGI reduce the taxpayer's taxable income by the full amount of the deduction even if the standard deduction is used. Deductions for AGI are not beneficial unless their sum exceeds the standard deduction, in which case these deductions will be included as itemized deductions. Also, many deductions for AGI are decreased by a percentage of AGI. D. Deductions for AGI reduce the taxpayer's taxable income by the full amount of the deduction even if the
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