About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

1 1 (April 19, 2022)

handle is hein.crs/govefpd0001 and id is 1 raw text is: Examples of items excluded:
- employer contributions to health and retirement plans
- returns to tax-preferred savings accounts (e.g.,
retirement, education)
- unrealized portion of capital gains and capital gains from
sale of primary residence
- interest on certain state and local bonds

1040

-iilil SUBTRACT

OR

.-----------------------------, -
The standard deduction,
tax brackets, and other
tax items depend on
filing status (e.g., single,
married filing jointly,
head of household)

llllll SUBTRACT

-illli SUBTRACT

Income taxed according to
tax bracket and filing
status using progressive
rate structure. Preferred
rates for certain types of
income.

ietunaanle creaits can
reduce tax liability below
zero and result in payment
to the taxpayer

AND

CR8 Prepared by Molly F. Sherlock, Specialist in Public Finance, and Jamie Hutchinson, Visual Information Specialist.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most