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2. What Are Itemized Deductions and How Do They Work? - AOL

   www.aol.com/itemized-deductions-010031837.html

   Taxpayers who are blind or at least 65 are eligible to claim an additional $1,550 standard deduction for 2021 if ... 7.5% of your adjusted gross income (AGI). ... A with Form 1040 on your federal ...

3. Medicare and taxes: How your 2023 Medicare premiums are ...

   www.aol.com/finance/medicare-taxes-2023-medicare...

   As you begin the process of filing 2021 ... goes on a completed Form 1040 will have an impact on what premiums you will be paying in 2023. ... Schedule 1 of the 1040 form as an “above the line ...

4. Adjusted Gross Income: What It Is and How To Calculate ... - AOL

   www.aol.com/adjusted-gross-income-calculate...

   Adjusted gross income is an important number used to determine how much you owe in taxes. ... You can find these adjustments on Schedule 1 of Form 1040, under “Part II — Adjustments to Income ...

5. Above-the-line deduction - Wikipedia

   en.wikipedia.org/wiki/Above-the-line_deduction

   In the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his or her gross income in arriving at "adjusted gross income" for the taxable year. These deductions are set forth in Internal Revenue Code Section 62.

6. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   Above and below the line refers to items above or below adjusted gross income, which is item 37 on the tax year 2017 1040 tax form. [2] Tax deductions above the line lessen adjusted gross income, while deductions below the line can only lessen taxable income if the aggregate of those deductions exceeds the standard deduction, which in tax year ...

7. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   Adjusted gross income is gross income less deductions from a business or rental activity and 21 other specific items. Several deductions (e.g. medical expenses and miscellaneous itemized deductions) are limited based on a percentage of AGI. Certain phase outs, including those of lower tax rates and itemized deductions, are based on levels of AGI.