Miscellaneous

Income Tax Made Simple In 2019

How Do Taxes Work Anyway? If you're like most people, tax season can be stressful because the IRS tax codes are a bit obfuscated. Will you owe taxes or get a tax refund? This is a simple guide showing how income tax is calculated for 2019. What Is Adjusted Gross Income? Adjusted Gross Income (AGI), is all of your earned income for the year. This includes wages, self-employment, rental income, capital gains, etc... This is not the amount you get taxed. Your taxable income will be determined from this after applying tax deductions. Tax Deductions: Standard vs. It

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