For versus from agi classification For AGi Reduces aGi which affects the allowable deduction for itemized deductions Most common deductions for AGi Trade or business expenses RAS Alimony Losses on investment Interest paid by certain individuals on qualified educational loans 1/2 of self-employment tax and 60 of health insurance costs paid by self-employed individualsFor Versus From AGI Classification • For AGI – Reduces AGI which affects the allowable deduction for itemized deductions – Most common deductions for AGI • Trade or business expenses • IRAs • Alimony • Losses on investment • Interest paid by certain individuals on qualified educational loans • 1/2 of self-employment tax and 60 % of health insurance costs paid by self-employed individuals