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Angelo is single, age 60, and had adjusted gross income of $130,000 in 2023. His deductible expenses were as follows: Alimony(divorce finalized in 2017) $20,000
Angelo is single, age 60, and had adjusted gross income of $130,000 in 2023. His deductible expenses were as follows:
| Alimony(divorce finalized in 2017) | $20,000 |
| Student loan interest | 4,000 |
| Contribution to a traditional IRA | 5,500 |
| State income taxes paid | 7,000 |
| Interest on home mortgage | 6,200 |
| Property taxes Paid | 5,000 |
What is Angelo's total allowable itemized deductions in 2023?
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Advances In Accounting Education Teaching And Curriculum Innovations Volume 23
Authors: Thomas G. Calderon
1st Edition
1789733944, 978-1789733945
