Dave and his spouse, Stefanie, (both over 65) file a joint return for 2023. They have an
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Dave and his spouse, Stefanie, (both over 65) file a joint return for 2023. They have an adjusted gross income (AGI) of $28,000 (and no tax-exempt income or foreign income) and receive benefits from Combined Social Security of $14,000. Consequently, your combined income is $28,000 + $7,000 (half of Social Security benefits) = $35,000, which is $3,000 above the $32,000 threshold. By what amount does Dave and Stefanie's AGI increase?
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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