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re: After doing my neighbor's taxes, who's on fixed income
Posted on 5/21/20 at 4:28 pm to Friedbrie
Posted on 5/21/20 at 4:28 pm to Friedbrie
quote:
AGI is calculated using "above-the-line" deductions and before standard or itemized deductions. The amount after standard or itemized deductions is taxable income.
Also, add $1650 to $12200 for those that are 65 years old and over.
I had a brain fart, you are correct on taxable vs agi
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