Final answer:
Some deductible taxes from AGI as itemized deductions include personal property tax on the value of a car, state and local income taxes, and real estate taxes on a primary residence.
Step-by-step explanation:
Among the types of taxes that may be deducted from Adjusted Gross Income (AGI) as itemized deductions, several are accepted by the IRS. These accepted deductions include:
- Personal property tax on the value of a car, assuming the tax is based on the value of the property and is charged on an annual basis.
- State and local income taxes, which can be deducted in the year they are paid.
- Real estate taxes on a primary residence, which are also deductible.
Federal income taxes, excise taxes paid on cigarettes and alcohol, are generally not deductible. It's important to note that taxpayers can choose to deduct either state and local income taxes or state and local sales taxes, but not both.