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Anthony Howard is 30 years old and single. Anthony had wage income of $50,000. He also had gambling winnings of $500. His total AGI is

Anthony Howard is 30 years old and single. Anthony had wage income of $50,000. He also had gambling winnings of $500. His total AGI is $50,500. He is not sure if he should itemize or take the standard deduction. Anthony paid the following:

  • $5,000 qualifying home mortgage interest.
  • $9,500 for real estate taxes.
  • $4,000 for state income taxes withheld in 2020.
  • Unreimbursed doctor and dentist bills in the amount of $8,000.
  • Unreimbursed prescription drugs for $200.
  • Vitamins for $120.
  • A statement received from his church showing donations made throughout the year totaling $1,400 in cash.
  • Receipts for donations of furniture and clothing in good, used condition to Goodwill. The total estimated fair market value is $100.
  • Tax preparation fee of $315 for his 2019 tax return paid in 2020.
  • $2,000 paid in 2020 on his 2019 federal income tax.
  • $750 in gambling losses

Complete Anthony Howards Schedule A. Also calculate Anthonys standard deduction.

Which should Anthony take the standard deduction or itemized deduction?

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