Total Tax Calculated From AGI Instead of Taxable Income?
Total Tax Calculated From AGI Instead of Taxable Income? This is my first time filing taxes as an independent contractor and using Free Tax USA so some of these processes are new to me and I could use some clarification. I have my AGI and after taking standard deductions, business expenses, Etc my taxable income is almost half my AGI. Before calculating my taxable income the total Federal tax due was ...