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by PopAlongKid
882 days ago
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>AGI is income after most deductions No, it is not. As the name implies, it is gross income, adjusted for certain (but nowhere near most) deductions. Itemized (or standard) deduction is subtracted from AGI to arrive at taxable income. Also, a temporary provision for something called QBI might be deducted from AGI to arrive at taxable income. |
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