Itemized deductions and the standard deduction are deductions from AGI but deductions for personal and dependency exemptions are deductions for AGI.
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Q3: From AGI deductions are commonly referred to
Q5: The standard deduction amount varies by filing
Q6: Taxpayers need not include an income item
Q8: Taxpayers are generally allowed to claim deductions
Q10: In addition to the individual income tax,
Q11: Taxpayers are allowed to deduct more for
Q12: A personal automobile is a capital asset.
Q14: Certain types of income are taxed at
Q17: From AGI deductions are generally more valuable
Q19: Qualified dividends are taxed at the same
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