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The 2018 standard deduction amount for mfj taxpayers is

Question - The Inouyes filed jointly in 2018. Their AGI is $78,000. They reported $2,000 of qualified business income and $22,000 of itemized deductions. They have two children, one of whom qualifies as their dependent as a qualifying child. The 2018 standard deduction amount for MFJ taxpayers is $24,000. What is the total amount of from AGI deductions they are allowed to claim on their 2018 tax return?

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Accounting Basics: The 2018 standard deduction amount for mfj taxpayers is

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Accounting Basics: The 2018 standard deduction amount for mfj taxpayers is

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