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We are identifying various deductions such as itemized deductions and business deductions. How do these expenses and other expenses affect adjusted gross income (AGI) and taxable income?

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We are identifying various deductions such as itemized deductions and business deductions. How do these expenses and other expenses affect adjusted gross income (AGI) and taxable income?

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We are identifying various deductions such as itemized deductions and business deductions. How do these expenses and other expenses affect adjusted gross income (AGI) and taxable income?

There are basically two types of deductions - those taken before AGI, and those taken after AGI. The deductions taken before AGI, that actually reduce gross income are things like self-employed health insurance, SEP and IRA contributions, health savings account ...

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