There are
also various tax deductions that are dependent on your AGI — including your total itemized deductions, mortgage insurance premiums, and medical deduction allowances.
Tax planning lets the payer of the tax put
the various tax deductions, benefits and exemptions to best use so as to minimise the tax liability over a fiscal year.
Since it contains all information with respect to the income and
various tax deductions, it becomes an important source for the individual to file their income tax returns.
There are
various tax deductions that can be applied to your account status, and you can talk to a Maryland tax professional about this particular issue.