Question
4. Calculating taxable income The 2019 standard deduction is $12,200 for unmarried taxpayers or married taxpayers filing separately, $24,400 for married taxpayers filing jointly, and
4. Calculating taxable income
The 2019 standard deduction is $12,200 for unmarried taxpayers or married taxpayers filing separately, $24,400 for married taxpayers filing jointly, and $18,350 for taxpayers filing as head of household.
Calculating Amber and Lynns Taxable Income
Amber and Lynn are a married couple filing jointly. Calculate Amber and Lynns 2019 taxable income by filling in the worksheet. Enter adjustments and deductions as negative numbers. If your answer is zero, enter "0".
Amber and Lynn will earn $60,965 in wages this year.
They estimate ordinary dividend and interest income at $800.
They had carpool income of $600.
Amber and Lynn take the larger of their itemized deductions or the standard deduction.
They donated $1,000 to a qualified charity.
2019 Taxable Income | |
---|---|
Gross income | |
Less: Adjustments to income | |
Adjusted gross income | |
Less: Deductions | |
Taxable income |
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