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471 | Mailbag: Inflation and FI, ACA Subsidies, Roth vs. Trad and More | Cody Garrett
ChooseFI
Understanding Adjusted Gross Income and Taxable Income
Adjustments to income are subtracted to arrive at adjusted gross income (AGI), and further reduction of AGI is done by subtracting standard or itemized deductions to obtain taxable income. Taxable income is distinct from the total amount received from various sources.
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