Business Law

Ask a business lLawyer. Get business law questions answered ASAP.

Ask a Lawyer,
Get an Answer ASAP!

This answer was rated:

How do I calculate personal exemptions if our combined AGI…

How do I calculate personal...
How do I calculate personal exemptions if our combined AGI is above $156,900?
Show More
Show Less
Ask Your Own Business Law Question
Answered in 10 minutes by:
3/12/2018
Attorney Wendy
Attorney Wendy, Attorney
Category: Business Law
Satisfied Customers: 491
Experience: Member at Keefer & Keefer LLC
Verified

Hello. My name is ***** ***** I am happy to help you with this question. Can you clarify for me when you say "our combined AGI" is this you and a spouse and, if so, are you planning to file separately or jointly?

Ask Your Own Business Law Question
Customer reply replied 1 month ago
my spouse and I and we are filing jointly

For tax year 2017 the personal exemption is $4050 per person. With increased adjusted gross income (AG)I that exemption starts to phase out (be reduced) until you reach a certain higher AGI until it is eliminated. The $156,900 AGI applies to a married person who is filing separately. If you are filing jointly, the personal exemption does not begin to phase out until an AGI of $313,800. I hope this helps.

If you need further help, please reply to this email. If I answered your question and provided excellent service, I would greatly appreciate a 5 star rating at this time.

Please note: This information is for educational purposes only and is not legal advice. No course of action is being proposed and no attorney-client relationship or privilege has been formed as a result of this conversation.

Attorney Wendy
Attorney Wendy, Attorney
Category: Business Law
Satisfied Customers: 491
Experience: Member at Keefer & Keefer LLC
Verified
Attorney Wendy and 87 other Business Law Specialists are ready to help you
Ask your own question now
Customer reply replied 1 month ago
that is quite helpful
Was this answer helpful?
Ask Attorney Wendy Your Own Question
Attorney Wendy
Attorney Wendy
Attorney Wendy, Attorney
Category: Business Law
Satisfied Customers: 491
491 Satisfied Customers
Experience: Member at Keefer & Keefer LLC

Attorney Wendy is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Infolawyer

Infolawyer

Attorney

1,851 satisfied customers

Experienced lawyer

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

1,611 satisfied customers

Run my own successful business/contract law practice.

MShore Law

MShore Law

Attorney

1,233 satisfied customers

Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

RGMacEsq

RGMacEsq

Attorney

751 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

646 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

577 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

Related Business Law Questions
I have a not for profit 501c agency. I just found out that
Hello, I have a not for profit 501c agency. I just found out that my Chief Clinical Officer was charged with a crime (not convicted, but charged). Do I ask her to resign...what are my rights as the CE… read more
Olivia Kent
Olivia Kent
Managing Partner
Doctoral Degree
2,855 satisfied customers
I'm aware booth rental for cosmetology students/estheticians
I'm aware booth rental for cosmetology students/estheticians is illegal in the state of PA (Cosmetology Law 1933) but there is not much clarification as to what constitutes booth renting. If I know so… read more
Andrew
Andrew
Attorney
Juris Doctorate
302 satisfied customers
I would like to know if I ( the patient ) in the state of
I would like to know if I ( the patient ) in the state of MO, can take legal action against my psychiatrist for not taking the legal steps to terminate me as a patient. He has not spoken to me ( the p… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
19,229 satisfied customers
I am the owner of rental real estate in New York City.
I am the owner of rental real estate in New York City. Several years ago, I had a tenant who broke his lease early. The lease provided that lease deposits would be forfeited in the event of early leas… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,749 satisfied customers
I am a neurologist in nj and would like to offer friends and
Hi! I am a neurologist in nj and would like to offer friends and clients Botox at home without alcohol as s service . Could I do this without obtaining malpractice ? … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
Are the six year statutes of limitations of a breached
Are the six year statutes of limitations of a breached contract six years from the date it was signed or six years from when the breach was discovered? What if the contract was signed six years and on… read more
Attorney Wendy
Attorney Wendy
Attorney
491 satisfied customers
Can a business partnership be 50/50, but with a shared
Can a business partnership be 50/50, but with a shared profit of 60/40% … read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
1,148 satisfied customers
We are a small start-up company and need an nda reviewed.
we are a small start-up company and need an nda reviewed … read more
Attorney Wendy
Attorney Wendy
Attorney
491 satisfied customers
We had a contractor that we fired last year, after six
we had a contractor that we fired last year, after six months work and $45K in charges. He originally claimed we owed him a further $4K. We sat down in November and I produced his costs compared to pa… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,749 satisfied customers
I run a print shop and occasionally get some photos that are
I run a print shop and occasionally get some photos that are a little on the "questionable" side. I'm wondering - at what point is something child pornography? At what point am I liable for that if so… read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
36,174 satisfied customers
I am not sure if you are the right lawyer to talk about this
I am not sure if you are the right lawyer to talk about this but I wanted to know if I am married and want to open a business alone with my husband as an investor, if I have the right to own it or bec… read more
Damien Bosco
Damien Bosco
4,153 satisfied customers
I am a member of a two member LLC. The LLC has co-signed on
I am a member of a two member LLC. The LLC has co-signed on some debt with the other member and a seperate business. So, to keep it simple, the other member of my LLC is a man named Heath. Heath's bus… read more
Attorney Wendy
Attorney Wendy
Attorney
491 satisfied customers
I won a lawsuit from Bank for $49,500. My lawyer was paid
I won a lawsuit from Bank XXX for $49,500. My lawyer was paid $11,500 from defendant law firm via a 1099, in box 14, January 2018. The Bank XXX also sent him a 1099 ,box 14, for $37000 in January 2018… read more
socrateaser
socrateaser
1,031 satisfied customers
How do I transfer a sole proprietor LLC to another
How do I transfer a sole proprietor LLC to another individual … read more
Attorney Wendy
Attorney Wendy
Attorney
491 satisfied customers
It is about organization bylaws. We have a member who wants
It is about organization bylaws. We have a member who wants to be president, but does not meet the requirements as currently stated. She is proposing a bylaws change, less than 30 days before the elec… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
10,118 satisfied customers
I bought a Ice cream & frozen treat business. Its a S
Hi. I bought a Ice cream & frozen treat business. Its a S corporation. The company has two main suppliers. Before I committed myself, I asked if there was any quotas with the suppliers. The answer was… read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
36,174 satisfied customers
How does this site works? answering questions for free? cant
hi there how does this site works? answering questions for free ? cant be true! … read more
Andrew
Andrew
Attorney
Juris Doctorate
302 satisfied customers
Can i ask a question? i design the website for friend. i did
hello can i ask a question? i design the website for friend. i did not register copyright for website. and my friend did not pay for my design. and later i dont allow for my friend use my design anymo… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x