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Get your taxes done using TurboTax
No it is not based on AGI. Tax brackets are determined by taxable income, not by gross income or adjusted gross income. ... Taxable income can be reduced by deductions and credits, so your total taxable income is usually less than your gross income or even your adjusted gross income. It is your taxable income that determines your tax bracket.
‎August 12, 2019
8:35 AM
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