### Question
Can you define what taxable income means?


### Answer
**Taxable income** is defined as the following in *26 U.S.C. § 63*:

> adjusted gross income, minus—


(1) the standard deduction,


(2) the deduction for personal exemptions provided in section 151,


(3) any deduction provided in section 199A, and


(4) the deduction provided in section 170(p)

#### Citation:
  - *26 U.S.C. § 63*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART I-DEFINITION OF GROSS INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, ETC.**

