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#32
04-06-2020, 01:35 AM
Senior Member
Joined in Jul 2012
411 posts
Chn
Quote:
Originally Posted by 2Face View Post
Make sure they key figure you're looking at is Adjusted Gross Income. If you're W2 income is 100,000, that means you have a standard deduction of about 12,000, which means your AGI will be like 88,000 and even lower if you have some other adjustments. The thresholds are based on Adjusted Gross Income not your Gross Income.
No...

AGI is before your standard deduction.

AGI - Standard Deduction= taxable income
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