IRS Releases 20 t.org
Their standard deduction for 2020 is $28,700 ($24,800 + $1,300 + $1,300 + $1,300). ... married for 2020. ... In 2020, the couple received $6,000 of interest income on City of Chicago bonds and interest and dividend income on corporate stocks and bonds of $50,000. Compute Hunter and Jenelle’s taxable income for 2020. ................
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