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 Austin and Joseph's Taxable Income

Austin and Joseph are a married couple filing jointly. Calculate Austin and Joseph's $2019$ taxable income by filling in the worksheet. Enter adjustments and deductions as negative numbers. If your answer is zero, enter $"0".$

Austin and Joseph will earn $$90,965$ in wages this year.

They estimate ordinary dividend and interest income at $$800.$

They had carpool income of $$600.$

Austin and Joseph 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