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answer based on new tax bill 2018 For calendar year 2019, Jon and Betty Hansen (ages 59 and 60) file a joint return reflecting AGI
answer based on new tax bill 2018
For calendar year 2019, Jon and Betty Hansen (ages 59 and 60) file a joint return reflecting AGI of $280,000. They incur the following expenditures: Medical expenses before 10%-of-AGI floor Casualty loss caused by electrical fire in their home Interest on home mortgage Interest on credit cards Property taxes on home Charitable contributions State income tax Tax return preparation fees What is the amount of itemized deductions the Hansens may claim? $30,000 30,000 11,000 800 13,000 17,000 15,000 1,200 Step by Step Solution
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