Essay
The Tanakas filed jointly in 2019.Their AGI is $120,000.They reported $10,000 of qualified business income and $26,000 of itemized deductions.They also have two dependent qualifying children.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?
Correct Answer:
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$28,000, computed as follows:
From AGI d...View Answer
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Correct Answer:
Verified
From AGI d...
View Answer
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