Jason and Peg Are Married and File a Joint Return

question 17

True/False

Jason and Peg are married and file a joint return. Both are over 65 years of age and Jason is blind. Their standard deduction for 2018 is $27,900 ($24,000 + $1,300 + $1,300 + $1,300).

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Definitions:

Head of Household

A tax filing status for individuals who are unmarried and provide home support for a qualifying person.

Federal Tax Withheld

The portion of an employee's paycheck that is taken by the employer and sent directly to the federal government as partial payment of income tax.

Tax Refund

The reimbursement of excess taxes paid by a taxpayer to the government over the course of the tax year.

Adjusted Gross Income

An individual's total gross income minus specific deductions allowed by the IRS, used to calculate taxable income.