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seraphim [82]
3 years ago
7

For taxpayers who do not itemize deductions, the standard deduction amount is subtracted from the taxpayer's adjusted gross inco

me. True False
Business
1 answer:
Elina [12.6K]3 years ago
8 0

Answer:

The statement is: True.

Explanation:

The Adjusted Gross Income (<em>AGI</em>) is a measure based on individuals' gross income that serves as the basis for different deductions, among them, taxes. Taxpayers can request a tax credit based on certain expenditures that can be eligible for deduction. To do so, they must itemize those expenses in <em>Form 1040</em> (Schedule A). Otherwise, the deduction will be based on the taxpayer's AGI.

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