Example 5 The O Sullivan family will take advantage of the standard deduction to lower...

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Example 5 The O Sullivan family will take advantage of the standard deduction to lower their taxable income How much is their standard deduction Look in the left margin of Form 1040 for a bulleted list of this information as shown on below Standard Deduction for Single or Married filing separately 12 200 Married filing jointly or Qualifying widow er 24 400 Head of household 18 350 If you checked any box under Standard Deduction see instructions Standard Deduction for 1 2 200 widows 524 400 hind of 118 30 20 my Deductions tentuctions 1 2a 35 4a C 3 G 7a b 63 b 9 10 11 a Wages salaries tips etc Attach Formis W 2 Tax exempt interest 2a Qualified dividends 333 43 4 b Taxable interest Attach Sch B Frequired b Oronary dividonds Anach Sch B frequired b Taxable amount Capital gain or os Attach Schede D required It oot required check here Other income from Schedule 1 tine 9 Add lines 1 20 30 40 41 50 6 and 7a This is your total income Adjustments to income from Schedule 1 line 22 Subtract ne fa from Sne 7b This is your adjusted gross income Standard deduction or itemized deductions from Schedule A Qualified business income deduction Attach Form 8095 or Form 8395 A Add lines 9 and 10 H 10 A 1 AR 4332A 23 36 24 400 11a 96 521 4 927 104 781 104 761 24 400 You Try inglo parent Adabelle is filing as a Head of Household How much higher is her standard

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Example 5 The O Sullivan family will take advantage of the standard deduction to lower their taxable income How much is their standard deduction Look in the left margin of Form 1040 for a bulleted list of this information as shown on below Standard Deduction for Single or Married filing separately 12 200 Married filing jointly or Qualifying widow er 24 400 Head of household 18 350 If you checked any box under Standard Deduction see instructions Standard Deduction for 1 2 200 widows 524 400 hind of 118 30 20 my Deductions tentuctions 1 2a 35 4a C 3 G 7a b 63 b 9 10 11 a Wages salaries tips etc Attach Formis W 2 Tax exempt interest 2a Qualified dividends 333 43 4 b Taxable interest Attach Sch B Frequired b Oronary dividonds Anach Sch B frequired b Taxable amount Capital gain or os Attach Schede D required It oot required check here Other income from Schedule 1 tine 9 Add lines 1 20 30 40 41 50 6 and 7a This is your total income Adjustments to income from Schedule 1 line 22 Subtract ne fa from Sne 7b This is your adjusted gross income Standard deduction or itemized deductions from Schedule A Qualified business income deduction Attach Form 8095 or Form 8395 A Add lines 9 and 10 H 10 A 1 AR 4332A 23 36 24 400 11a 96 521 4 927 104 781 104 761 24 400 You Try inglo parent Adabelle is filing as a Head of Household How much higher is her standard

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