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Mason and Melinda are married and file a joint return. In 2020, Mason (35) and Melinda (35) earned wages of $57,000. They had no exclusions
Mason and Melinda are married and file a joint return. In 2020, Mason (35) and Melinda (35) earned wages of $57,000. They had no exclusions and had adjustments of $1,000. The couple's itemized deductions for the year totaled $19,550. The couple has no QBI (and thus no QBI deduction). Mason's and Melinda's employers withheld federal income taxes of $1,539 from their paychecks, and the couple is also entitled to an additional $1,822 tax credit. What is Mason and Melinda's tax liability (after credits and withholding) or their refund due?
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