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Anne and Bill are completing their federal income taxes for the year and have identified the amounts lidted here. How much can they rightfully deduct?
Anne and Bill are completing their federal income taxes for the year and have identified the amounts lidted here. How much can they rightfully deduct?
- AGI: $92,000
- Medical and dental expenses: $12,000
- State income taxes: $6,500
- Mortgage interest: $12,500
- Charitable contributions: $4,000
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