Once you determine your gross income you may take several subtractions including adjustments,deductions,exemptions and credits to arrive at your actual taxable income.
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Q52: The amount of the standard deduction depends
Q53: Union or professional dues do not qualify
Q54: Prior to age 65,if one can itemize
Q55: A personal exemption is a legally permitted
Q56: A taxpayer who is age 65 or
Q58: Many high-income taxpayers must pay a higher
Q59: The IRS disallows deductions for expenses for
Q60: The full market value of any lost
Q61: Most tax shelters are methods permitting an
Q62: If you have an income tax refund
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