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There are two classes of deductions, Deductions for AGI and Deductions from AGI. Discuss the differences between these two classifications and the...

There are two classes of deductions, Deductions for AGI and Deductions from AGI. 

1. Discuss the differences between these two classifications and the types of deductions in each classification. 

2. Explain which deductions are more advantageous for your tax return. 

Top Answer

1.      Deductions for AGI are also called above the line deductions and can be claimed even if the taxpayer does not... View the full answer

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