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Deductions & credits
I'm thinking about it.......your AGI is 32,500 + 1/2 of your SS 12,500 + 1/2 of her SS 5,000 = 50,000
That is not the new AGI or the taxable amount of income. That's just an intermediate calculation to determine how much of the SS is taxable. I don't know how the exact percentage is figured.
That is not the new AGI or the taxable amount of income. That's just an intermediate calculation to determine how much of the SS is taxable. I don't know how the exact percentage is figured.
‎June 3, 2019
11:00 AM