What is 2020 tax on $76000 AGI married filing jointly

rajnidhiru · ‎December 8, 2020

VolvoGirl · ‎December 8, 2020

The tax is on your taxable income which is the AGI - the Standard Deduction or Itemized Deductions. And it depends on what kind of income you have. Like if you have any qualified capital gains or dividends those are taxed at a different rate. I think the Standard Deduction for Joint is 24,800 so your taxable income would be $51,200.

xmasbaby0 · ‎December 8, 2020

Put your income information into the software so the software can use your filing status, your dependents (if any), tax withheld, credits and deductions, etc etc. etc. The software really needs lots of updates before you get reliable results but you can see a "ballpark" amount.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

VolvoGirl · ‎December 8, 2020

Found this page. It has the tax rates listed

https://www.irs.com/articles/2020-federal-tax-rates-brackets-standard-deductions/

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What is 2020 tax on $76000 AGI married filing jointly