Thank you for this, as it makes it slightly clearer and less stressful. So if we gross 85000.00, we are only taxed for the minus the $24,000. which is $61000. in the 22% bracket. so we would be taxed for the $61000. (around $13420.00) And If our deductions are around 12,000...) then we would be wise to take the standard deduction, correct?
