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Do 401k contributions reduce AGI?
If you are looking to take advantage of every tax deduction on your income taxes, you could be wondering if 401(k) contributions reduce AGI. Here is everything you need to know.
meetbeagle.com
Sep 25, 2021
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marco and tatiana are married and file separate returns for 2020 tatiana iternizes her deductions on her return marcos adjusted gross income was 18000 his itemized deductions were 2400 neith 22814
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SOLVED: What would be the most advantageous education credit for the Dixons if their modified adjusted gross income (AGI) was 165,000? American Opportunity Tax Credit (AOTC) for1,500 as a nonrefundable credit and 1,000 as a refundable credit. American Opportunity Tax Credit (AOTC) for1,125 as a nonrefundable credit and 750 as a refundable credit. American Opportunity Tax Credit (AOTC) for2,500 as a refundable credit. Lifetime learning credit for 2,000 as a nonrefundable credit.
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