Daniel and Donna Coleman are married filing jointly. Daniel is 53 years old and the Vice President of sales at a small start up company. Donna is 55 years old and a former advertising executive who currently consults with former clients. The Colemans have two children, Rachel (age 20) and Adam (age 18). Rachel does not work as she is a full time college student. Adam is a high school student and works weekends and summers. He earned $8500 in 2018

Income

Daniels salary $138,325

Federal Income tax withholding $27,230

State Income tax withholding $11,000

Donnas consulting revenue $44,250

Interest income from First Band of New Jersey $320

Interest Income from Patterson, NJ school board $200

Interest income from US treasury bond $1350

Qualified Dividends income from Rio Tinto $2650

Dividend income (not qualified) from China Fund $2350

Expenses

Dentist (unreimbursed by insurance) $1500

Doctors (unreimbursed by insurance) $2425

Prescriptions (unreimbursed by insurance) $675

Real Property taxes on residence $7525

Vehicle Property tax $1250

Mortgage interest on principal residence $12,550

Margin interest paid on brokerage account load $600

Fee paid for tax preparation $1200

Contribution to United Way $2000

Contribution to American Cancer Society $5000

Calculate AGI, Deductions and Itemized Deductions