Question
Archie and Tina Reynolds are married and always file Married Filing Jointly. Archie earned $32,000 in wages and Tina earned $24,000 in wages. The Reynolds
Archie and Tina Reynolds are married and always file Married Filing Jointly. Archie earned $32,000 in wages and Tina earned $24,000 in wages. The Reynolds paid all the cost of keeping up a home and provided all the support for their two children, Laura and Timothy, who lived with them all year. Laura is 13 years old and Timothy turned 17 in November 2021. Archie and Tina elected not to receive the advance child tax credit payments. Archie and Tina did not have enough deductions to itemize, but contributed $1,700 in 2021, to their church, a qualified charitable organization. Archie, Tina, Laura, and Timothy are all U.S. citizens with valid Social Security numbers and lived in the U.S. the entire year.
6. What amount can Archie and Tina deduct as a charitable contribution?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started