09/02/2026
“I made $70,000 this year, so I’ll be taxed on the full $70,000?”
Not necessarily.
This is one of those tax terms that sounds complicated, but the basic idea is pretty simple. Your total income and your taxable income are not always the same.
Certain adjustments and deductions may reduce the amount of income that is subject to tax.
Understanding the difference can help you better understand your tax return and your overall tax situation.
Have questions about your taxable income or taxes in general?
Send me a message. I’d be happy to help you understand it better.
LaToya Davis
📞817-443-1117
✉️[email protected]