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Economy & Business

Episode 692: The Secret Life Of Line 24

U.S. Department of the Treasury Internal Revenue Service 1040 Individual Income Tax forms for the 2015 tax year.
U.S. Department of the Treasury Internal Revenue Service 1040 Individual Income Tax forms for the 2015 tax year.

A lot of the stuff on IRS form 1040 — the basic tax form — is straightforward enough. But there are a few lines that you look at and say: What is that? And how did it get on my tax form?

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