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David and Jenny are completing their federal income taxes for the year and have identified the amounts listed here. How much can they rightfully deduct?
David and Jenny are completing their federal income taxes for the year and have identified the amounts listed here. How much can they rightfully deduct?
AGI: $80,000
Medical and dental expenses: $9,000
State income taxes: $3,500
Mortgage interest: $9,500
Charitable contributions: $1,000
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