Jeremy earned $220,000 in salary and $3,000 in interest income during the year. Jeremy has two qualifying dependent children who live with him. He qualifies to file as head of household and has $18,500 in itemized deductions. Neither of his dependents qualifies for the child tax credit.
Gross income, for AGI deductions, Adjusted gross income, Standard deductions, Itemized deductions, Personal and dependency exemptions, Taxable income, Income Tax Liability.