 Income tax 2023-2024. Income tax formula. Get ready and some coffee so we can stave off the government attack with income tax preparation 2023-2024. In prior presentations, we took a look at the different approaches, the different tools that we will use to understand income tax preparation, income tax laws, those including the formula method, a formula being something that we can typically visualize more easily, it being more distilled than say the tax forms and is great for understanding conceptually. Then we have the actual tax forms noting that the formula is within the tax forms. In other words, when we calculate the tax forms there will be a formula to it but it's more of an expanded type of formula that's not really distilled down to its essence and then we have the software, the software of course