EFFE CTI E TAX P LAN N IN G. Mary Hall reports the following data from her 2015 tax return. Analyze the data and suggest tax planning ideas that she should consider.

Salary $150,000 Interest income 30,000 Qualified dividends 1,000 Total Adjusted Gross Income $181,000 Note: The interest income is from a bank savings account earning 1%. The dividends are from utility stock paying 3 percent dividends. LO1