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IRS Use Only—Do not write or staple in this space. Single Married filing jointly. First, they find the $2300– 23taxable income line. Next, they find the column for married filing jointly and read down the column.
The amount shown where the taxable income line and filing status column meet is $651. From the line total taxable income you can have some amounts from line through line 35. I would not be able to give you accurate calculations. The line where it says your tax liability or something to that effect. Taxable income is NOT the same as income tax.
A percentage of the amount of money that you made that is taxable. Tax Table and Tax Rate Schedules. It sounds like what they meant to ask you was for your adjusted gross income.
THESE COMMENTS ARE NOT LEGAL ADVICE. They are provided for informational purposes only. Actual legal advice can only be provided after consultation by an attorney licensed in your jurisdiction.
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Wages go on line while interest and dividends go on lines and respectively. Only taxable interest goes in line 2b on the right, with tax -exempt interest getting reported separately on line 2a. Line 12a is the tax calculated on your taxable income ( line 11b).
The IRS specifies the method of calculating the tax , depending on the type of income shown in your return. In line on Schedule A, you can deduct either state and local income taxes here or state and local sales taxes. They want to know how much money you actually paid to the IRS (your total tax obligation).
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