The IRS has set many tax deductions and benefits in place for taxpayers. Unfortunately, some taxpayers who earn a advanced level of income can see these benefits phased out as their income increases. Learn the basic concepts before referring on the tax rate to avoid confusion and potential errors in your computation. The very first idea you need to find out is your taxable income. Obtain the result of your income for your year devoid of the allowable deductions, exemptions, and adjustment...