Question
Alicia is a single taxpayer with AGI of $338,250 and itemized deductions of $100,000 which are made up of $30,000 of mortgage interest, $30,000 of
Alicia is a single taxpayer with AGI of $338,250 and itemized deductions of $100,000 which are made up of $30,000 of mortgage interest, $30,000 of state income taxes and property taxes, and $40,000 of contributions to her temple. What is the amount of itemized deductions that Alicia may deduct on her 2015 income tax return after the phase-out for high-income taxpayers?
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Governmental Accounting Auditing And Financial Reporting
Authors: Michele Mark Levine, Todd Buikema
10th Edition
0891250107, 978-0891250104
