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How does income for federal tax purposes generally differ from income for state tax purposes? Income for federal and state tax purposes is usually the
How does income for federal tax purposes generally differ from income for state tax purposes?
Income for federal and state tax purposes is usually the same, but some states may have additional
adjustments or exclusions.
Income for state tax purposes always includes all types of income, while federal tax purposes exclude
certain types.
Income for federal tax purposes is always higher than income for state tax purposes.
There is no difference; income for federal and state tax purposes is always identical.
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