### Question
What is the definition of taxable income?


### Answer
The definition of **taxable income** is as follows in *26 U.S.C. § 63*:

> adjusted gross income, minus—


(1) the standard deduction, and


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

#### 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.**

