Essay
The Tanakas filed jointly in 2018.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 2018 standard deduction amount for MFJ taxpayers is $24,000.What is the total amount of from AGI deductions they are allowed to claim on their 2018 tax return?
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$28,000,computed as follows:From AGI ded...View Answer
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