Key Components Defined
A Better Understanding
Now that you are familiar with the tax formula, it is important that you understand how each of the key components works, and how each will affect your tax. This chapter will give you a deeper understanding of the following components:
KeywordsTaxable Income Standard Deduction Refundable Credit Itemize Deduction Earn Income Credit
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
© M. Casey Murdock 2013