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  2. Is Gross Income Before or After Taxes? - AOL

    www.aol.com/gross-income-taxes-210844041.html

    Gross pay refers to what you earn before taxes, benefits and other payroll deductions are withheld from your salary or wages. The amount remaining after all withholdings are accounted for is net pay.

  3. Gross income - Wikipedia

    en.wikipedia.org/wiki/Gross_income

    Gross income. For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions).

  4. The 6 Most Important Tax Deductions You Need to Claim - AOL

    www.aol.com/finance/6-most-important-tax...

    5. Flexible Spending Account Deduction. A flexible spending account, or FSA, is a pre-tax benefit used to pay for eligible medical, dental and vision care expenses that are not covered by your ...

  5. Tax Deductions Explained (and Common Ones You Could Claim) - AOL

    www.aol.com/tax-deductions-explained-common-ones...

    Beginning in 2018, you can deduct state and local taxes up to $10,000 or $5,000 if you’re married filing separately. Those caps are for state and local income, property and sales taxes combined ...

  6. 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.

  7. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    Tax deduction. A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both ...

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