Understanding Key Tax Terms

In this video, you will learn about:

  • Adjusted Gross Income (AGI)

  • "Above-the-Line" Deductions

  • Standard vs. Itemized Deductions

  • Effective vs. Marginal Tax Rate

  • Taxes on Ordinary Income vs. Capital Gains & Dividends

Understaning Key Tax Terms: Adjusted Gross Income, Taxable Income, Standard Deductions vs. Itemized Deductions, Marginal  and Effective Tax Rate

Disclaimer: The information provided in the video is for informational and educational purposes only. You should consult with a finance, legal or tax professional to determine what may be best for your individual needs.

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