What does LGB mean in Chemistry? This page is about the meanings of the acronym/abbreviation/shorthand LGB in the Academic & Science field in general and in the Chemistry terminology in particular. Lotte Gas Boiler Academic & Science Â» Chemistry
The Alternative Minimum Tax exemption amount for tax year 2017 is $54,300 and begins to phase out at $120,700 ($84,500, for married couples filing jointly for whom the exemption begins to phase out at $160,900). The 2016 exemption amount was $53,900 ($83,800 for married couples filing jointly).
When your adjusted gross income lies in the IRA deduction phase-out range, you can still save some money on taxes with a partial write-off. To figure out how much, start with the phase-out range. Suppose you are single. The deduction phases out as AGI increases from $61,000 to $71,000, so the range amount is $10,000.