4. Calculating taxable income The 2019 standard deduction is $12,200 for unmarried taxpayers or married taxpayers filing separate and $18,350 for taxpayers filing as head of household. Calculating Amber and Lynn's Taxable Income Amber and Lynn are a married couple filing jointly. Calculate Amber and Lynn's 2019 taxable income deductions as negative numbers. If your answer is zero, enter "O". Amber and Lynn will earn $90,965 in wages this year. Lynn contributed $2,000 to an IRA. Amber and Lynn take the larger of their itemized deductions or the standard deduction. They paid mortgage interest of $8,600. The loan on their home is less than $750,000. Their state and local taxes were $9,000. They donated $10,000 to a qualified charity. 2019 Taxable Income Gross income Less: Adjustments to income Adjusted gross income Less: Deductions ITION Taxable income