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Deductions & credits
If you claim the $12,000 standard deduction on $75,000 of AGI, then your taxable income would be $63,000. If the income was all ordinary income (no qualified dividends or long term capital gains), your tax liability would be about $9800. If you had no higher priority credits, you would have enough tax liability to more than offset and qualify for $7500 of electric vehicle credit.
‎June 7, 2019
3:52 PM