tax deduction

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Definition

Adjusted gross income (AGI) is gross income from taxable sources minus allowable deductions.

Overview

In the equation above, taxable sources can include wages, interest, capital gains, income from retirement accounts, and alimony...

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In the late 1930s, entrepreneur Margaret Rudkin founded a small business that ultimately developed into

Pepperidge Farm. In 1961, the Campbell Soup Company bought Pepperidge Farm. On April 14th, 1967, Margaret's husband Henry A. Rudkin used...