The most important number on your tax return
Most taxpayers focus on ways to reduce their “taxable income.” However, since the Tax Reform Act of 1986, your “Adjusted Gross Income,” or AGI, has become the most important number on your tax return. Many tax credits and deductions are phased out, or eliminated entirely, based on your AGI or, in some cases, a “modified” AGI (no donation from this […]
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