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Complete 2022 federal income tax return - Forms 1040, 2441, 8812, 8863, 8995, 8867, Schedule B, Schedule 2, Schedule 3 Magdalena Schmitz has undergone some

Complete 2022 federal income tax return - Forms 1040, 2441, 8812, 8863, 8995, 8867, Schedule B, Schedule 2, Schedule 3 Magdalena Schmitz has undergone some major changes i her life recently. In 2021, at the age of 46, her husband, Roger, passed away. Magdalena has not remarried as of 2022. Magdalena currently lives in Bedford, Pennsylvania. She was living in Pittsburgh when her husband passed away but she moved back to her childhood home so she could get help from her family raising her children. Magdalena was employed in Pittsburgh early in the year but left that job and relocated 100 miles away to pursue a new life and start her new job. Magdalena has three children( ages as of the end of the year): Alyssa(23), Tyler(16), and Connor(11). Magdalena would like to determine her federal income tax under the filing status that is most advantage for her. Magdalena reported the following information: Magdalena's social security number is 294-83-2845 Alyssa's social security number is 824-84-8456 Tyler's social security number is 824-34-9584 Connor's social security number is 824-56-2984 Magdalena's mailing address is 623 S. Liberty Road Bedford, Pennsylvania 15522 Alyssa is unmarried and a full-time graduate student at Pennsylvania State University(PSU) (EIN33-9876543). PSU's address is 1250 Happy Valley, State College, PA 16801. SHde received her bachelor's degree the year her father passed away. This year represents her fifth year of full-time higher education schooling. Alyssa works part-time in State College to help with some of her living expenses. Alyssa earned $2,300 in gross income during the year and had her income tax return prepare on campus by volunteer Income Tax Assistance (VITA) volunteers. Magdalena provided support for Alyssa including paying for rent, books, tuition, food, clothes, medicine, and other support items. In total, Magdalena provided $12,700 of support for the year. PSU provided Alyssa with a form 1098-T at year end. Alyssa higher education expenses for her university studies were as follows: tuition $6,500 Books $2,000 In order for Magdalena to maintain a Full-time job, she sends Connor to a day care program after school five days a week. During the year, Magdalena paid the day care operator $4,250 for Connor's care. The daycare details are as follows: Horizon Day Care 452 S Patriot Road Bedford. Pa 15522 EIN: 43-6598324 Magdalena's W-2s for the year reported the following: Juniata Development Corporation Gross Wages: $48,435 Federal Income tax Withholding:$900 State income tax withholding:$700 Pittsburgh Real Estate Gross wages:$2,450 Federal Income Tax Withholding $200 State Income Tax Withholding:$125 Magdalena's employers withheld all applicable and appropriate payroll taxes. On January 1, 2021(the prior year), Magdalena started a photography business in which she takes bridal and wedding photographs.She does not do any of the professional printing. However, she provides all the digital files to her clients on a password-protected web site as part of her service. this unique service, along with her skill and reputation has allowed her to earn additional money on the weekends, primarily in the summer, to help support her daughter in college. Magdalena rents all the camera equipment and does not currently own any equipment herself. The photography business uses the cash method of accounting. The business did not have any obligation to file a form 1099 to any payee during the year. Magdalena reported the following revenue and expenses for her business this year: Gross Revenue:$6500 Photographic supplies:$430 Camera rental:$1,050 Web site hosting fee:$200 Magdalena also received the following amounts in 2022: Life insurance payment: Mutual Life(Mothers passing):$150,000 cash gift from her father:$5,000 Interest-income-First Bank of Bedford:$310 Interest income-General Electric Bond:$3,200 Interest income-Bedford school district Municipal Bonds:$2,500 Interest income-Johnstown Rural Improvement District Bond:$1,300 PA state income tax refund:$325 *The refund was from the state tax she paid in 2021. Magdalena deducted all her state taxes as itemized deductions, and received full tax benefit for the deductions, on her 2021 federal tax return. Magdalena did not own, control or manage any foreign bank accounts, nor was she a grantor or beneficiary of a foreign trust during the tax year. she also did not receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency in 2022. Magdalena made the following payments during 2022: Dentist(unreimbused by insurance):$1500 Doctors(unreimbursed by insurance)$475 Prescriptions(unreimbursed by insurance)$255 Real Property taxes on residence:$950 Vehicle registration fee based upon age of vehicle:$175 Mortgage interest on principal residence(Form 1098 received):$6,845 Contribution to the american lung association:$600 Contribution to habitat for humanity:$1000 Contribution to Methodist church of Pa:$3,000 Contribution to penn state university:$400

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