Essay
The Inouyes filed jointly in 2019.Their AGI is $78,000.They reported $2,000 of qualified business income and $22,000 of itemized deductions.They have two children, one of whom qualifies as their dependent as a qualifying child.The 2019 standard deduction amount for MFJ taxpayers is $24,400.What is the total amount of from AGI deductions they are allowed to claim on their 2019 tax return?
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$24,800, determined as follows:
From AGI...View Answer
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Correct Answer:
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From AGI...
View Answer
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