Jan and Ed Rochester are married with a 2-year-old child, who lives with them a...
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Jan and Ed Rochester are married with a 2-year-old child, who lives with them and whom they support financially. Jan and Ed file a joint tax return. In 2026, Jan and Ed realized the following items of income and expense:
| Item | Amount |
|---|---|
| Jan's Salary | $ 70,000 |
| Ed's Salary | 35,000 |
| Municipal bond interest income | 400 |
| Qualified business income | 1,000 |
| Alimony paid (pre-2019 divorce decree) | (7,000) |
| Real property tax (from AGI deduction) | (16,000) |
| Charitable contributions | (18,000) |
They also qualified for a $2,200 child tax credit. Their employers withheld $5,800 in federal income taxes from their paychecks (in the aggregate). Finally, the 2026 standard deduction amount for married filing jointly taxpayers is $32,200.
What is the couple's taxable income? Enter with $ XX,XXX