 Income tax 2022-2023, taxable refunds, credits or offsets of state and local income taxes, tax software, example. Let's do some wealth preservation with some tax preparation. Here we are in our example, Form 1040 populated with LASERT tax software. You don't need tax software to follow along, but it's a great tool to run scenarios with. You can also get access to the Form 1040 related schedules and forms at the IRS website, irs.gov, irs.gov. The starting point we typically start at is going to be that single filer, Mr. Anderson, no dependents, 100,000, even W2 income. And then we've got the 12,950 standard deduction getting us down to the 87,050 for the taxable income. We're mirroring that on our tax worksheet in a formula format, 100,000, 12,950 standard deduction, 87,050 depending on the software.