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426301 04-01-24
<br />Tax Year Tax Year
<br />2024
<br />Increase
<br />(Decrease)Description 2023
<br />Name(s) as shown on return Social security number
<br />2023 Filing Status 2024 Filing Status
<br />2023 Tax Bracket 2024 Tax Bracket
<br />Two-Year Comparison Worksheet 2024
<br />Ran & Sharon Oz
<br />Married Filing Joint Married Filing Joint
<br />Wages, salaries, and tips 0.12,000.12,000.
<br />Schedule D (capital gain/loss)0.23,812.23,812.
<br />Sch. C (business income/loss)67,820.250.-67,570.
<br />Schedule E (rental and passthrough)0.46,223.46,223.
<br /> Total income 67,820.82,285.14,465.
<br />Deductible part of SE tax 4,791.0.-4,791.
<br /> Total adjustments 4,791.0.-4,791.
<br />Adjusted gross income 63,029.82,285.19,256.
<br />Standard deduction 27,700.29,200.1,500.
<br />Qualified business income deduction 7,066.10,617.3,551.
<br /> Total deductions 34,766.39,817.5,051.
<br /> Taxable income 28,263.42,468.14,205.
<br />Tax 2,953.4,633.1,680.
<br /> Tax before credits 2,953.4,633.1,680.
<br />Child tax cr. and cr. for oth. dep.2,953.4,033.1,080.
<br />Form 2441 (child care credit)0.600.600.
<br /> Tax after non-refundable credits 0.0.0.
<br />Schedule SE (self-employment tax)9,582.0.-9,582.
<br /> Total tax 9,582.0.-9,582.
<br />Schedule EIC (earned income credit)79.0.-79.
<br />Sch. 8812 (add. child tax credit)3,047.1,463.-1,584.
<br /> Total payments 3,126.1,463.-1,663.
<br />Tax overpaid 0.1,463.1,463.
<br />Amount refunded 0.1,463.1,463.
<br />Balance due 6,456.0.-6,456.
<br />12.0%12.0%
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