Examlex
Which of the following can be used to reduce your federal income taxes?
Self-Employed Health Insurance
A deduction that allows self-employed individuals to deduct 100% of their health insurance premiums from their taxable income.
AGI Deduction
Reductions from gross income that lower an individual's taxable income, based on specific expenses and contributions.
Net Earnings
The amount of income left after deducting expenses, taxes, and deductions from gross revenue.
Medical Insurance Premium
The amount paid periodically to a health insurer for health coverage, often deductible under certain conditions.
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