Submitted By: Dennis
Answered: September 17, 2013 8:30 am

What is the maximum AGI level subject to the 25% tax rate?

Tax rates are applied to taxable income, not to adjusted gross income (AGI). Taxable income is arrived at by subtracting your personal exemptions and the standard deduction or itemized deductions from AGI. The taxable income limits for the 25% tax rate depend on your filing status.

Tags: AGI
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Tax Glossary

Modified ACRS (MACRS)

Depreciation methods applied to assets placed in service after 1986.

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