Under the income tax formula, a taxpayer must choose between deductions from AGI and the standard deduction.

Name: Under the income tax formula, a taxpayer must choose between deductions from AGI and the standard deduction.
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A taxpayer can either itemize deductions and deduct certain qualifying expenses from their adjusted gross income (AGI), or they can choose to take the standard deduction. They cannot do both.

Under the Income Tax Formula, a Taxpayer Must Choose Between