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 Heldi's Taxable Income Heidi is an unmarried person filing single. Calculate Heidi's 2019 taxable income by filling in the worksheet. Enter adjustments and deductions as negative numbers. If your answer is zero, enter "O". Heldi will earn $80,965 in wages this year. She contributed $2,000 to an IRA . She received a gift from her parents to put a down payment on a new car totaling $5,000 Heidi takes the larger of her itemized deductions or the standard deduction . She donated $1,000 to a qualified charity 2019 Taxable income Heidi will earn $80,965 in wages this year. She contributed $2,000 to an IRA. . She received a gift from her parents to put a down payment on a new car totaling $5,000. Heidi takes the larger of her itemized deductions or the standard deduction. She donated $1,000 to a qualified charity. 2019 Taxable Income Gross income Less: Adjustments to income Adjusted gross income Less: Deductions Taxable income Grade It Now