yes but that is not the real difference?

FOR AGI deductions reduce AGI, the importance of classification is because the AGI is used for establishing limits on certain deductions FROM AGI such...

FOR AGI deductions reduce AGI, the importance of classification is because the AGI is used for establishing limits on certain deductions FROM AGI such as medical expenses, education expenses, property taxes, charitable contributions, and interest found in the itemized deductions. Generally, deductions FOR AGI are related to business expenses while, deductions FROM AGI are personal in nature.

Tags: business expenses, charitable contributions, education expenses, itemized deductions, medical expenses, property taxes
Posted in Tax Deductions Q & A

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One Response to “yes but that is not the real difference?”

AnIsland says:

March 27, 2010 at 4:05 am

Define AGI. FROM probably increases it and FOR is subtracted. AGI is what’s left.

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