Assertion: deduction's income | /r/HasProperty | agi
Facets:
Source sentences:
text: U.S. taxpayers can now deduct charitable donations of as much as 60% of their adjusted gross income (AGI), up from 50% of AGI.
text: For example, if your federal adjusted gross income (FAGI) represents 25% of the couple's joint FAGI, then you may claim 25% of the total itemized deductions from federal Schedule A.
text: Medical and dental expenses are an example of deductions that can be itemized, albeit only the amount that exceeds 7.5% of your adjusted gross income (AGI).
text: If the child lived with each parent for an equal number of nights during the year, the custodial parent is the parent with the higher adjusted gross income (AGI).
text: If the child lived with each parent for the same amount of time, the IRS will treat the child as the qualifying child of the parent who had the higher adjusted gross income (AGI) for the year.
text: This means you don't need to itemize deductions to take advantage of it, but it doesn't have the additional effect of reducing your adjusted gross income (AGI).
text: The income amount can change each year, but is always based on your adjusted gross income (AGI) before reducing it by the tuition deduction.
text: It is not an “above the line” deduction on the first page of Form 1040 that reduces your adjusted gross income (AGI).
text: Ryan's adjusted gross income (AGI) for 2019 is $76,000.
text: U.S. taxpayers can now deduct charitable donations of as much as 60% of their adjusted gross income (AGI), up from 50% of AGI.
text: Itemized deductions allow an individual to list out qualified expenses on his tax return, the sum of which is used to lower his adjusted gross income (AGI).
text: Along with any other of these adjustments to income you qualify for, they determine your all-important adjusted gross income (AGI).
text: After computing their adjusted gross income (AGI), taxpayers can itemize deductions (from a list of allowable items) and subtract those itemized deductions from their AGI amount to arrive at the taxable income.
text: The sum of the listed items is used to lower a taxpayer’s adjusted gross income (AGI).