$26.95 
Learn more
Submitted By: Dennis
Answered: September 17, 2013 8:30 am
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.
advertisement
Featured Books
Tax Glossary
Capital gain or loss
The difference between amount realized and adjusted basis on the sale or exchange of capital assets. Long-term capital gains are taxed favorably. Capital losses are deducted first against capital gains, and then again up to $3,000 of other income.
