Calculating your Disposable Income

On the tax calculator choose year 20. 1. 1. and single. *NOTE* The Government allows you to take a standard deduction each year when you file taxes. This is income that you can keep tax free. The 20. 1. 1. tax year standard dedu. ction for a. single person . is $ 5, 700. To determine your taxable income (amount that the government will tax) simply take your combined yearly gross income and ... ................
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