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 4684  Form 2017

2017-2025 Form

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when looking at the income tax formula we're focused down here on the itemized deductions remember in the first half of the income tax formula is in essence an income statements where we have income minus the equivalent of the expenses those being the deductions equals the equivalent of net income that being taxable income everything being topsy-turby for taxes meaning the taxable income we wanted as low as possible as opposed to normally when we want the net income as high as possible in Prior sections we talked about what needs to be included in income we've talked about what can be called the above the line deductions or adjustments to income as opposed to the below the line deductions we are talking about now that got us to the subtotal of the AGI adjusted gross income and important subtotal because it's often the number used to have phase outs for income levels that are increasing with regards to expenses and credits and then we have what could be called th

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