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Charles, who is single and age 61, had AGI of $400,000 during 2021. He incurred the following expenses and losses during the year. Medical expenses
Charles, who is single and age 61, had AGI of $400,000 during 2021. He incurred the following expenses and losses during the year.
Medical expenses before AGI floor | $28,500 |
State and local income taxes | 15,200 |
Real estate taxes | 4,400 |
Home mortgage interest | 5,400 |
Charitable contributions | 14,800 |
Unreimbursed employee expenses | 8,900 |
Gambling losses (Charles had $7,400 of gambling income) | 9,800 |
Compute Charless total itemized deductions for the year.
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