Edgar Carrington is employed as a college attorney. His social security number is $097-64-1976,$ and his date of birth is December $8,1977.$ Edgar's salary for $2023$ was $$157,069($this is reported on line $1$ of Form $1040).$ His W$-2$ showed that his federal taxes withheld amounted to $$17,642($this is reported on lines $25$a and $25$d of Form $1040).$ His work address is as follows:

Queens College

$65-30$ Kissena Boulevard

Flushing, NY$,11367$

Employer Tax ID#: $25-4138526$

EDGAR'S ITEMIZED DEDUCTIONS:

$1)$ His state income taxes were $$9,567$

$2)$ His local income taxes were $$5,526.$

The combined amount is reported on line $5$a of Schedule A

Edgar is married to Martha Simms$-$Carrington $($SS# $087-74-2000),$ who is employed as a legal secretary$.$ Her date of birth is June $7,1972.$ Her W$-2$ showed $$115,470$ in salary $($this is reported on line $1$ of Form $1040).$ Her federal taxes withheld were $$11,491($this is reported on lines $25$a and $25$d of Form $1040).$ Her work address is as follows: Benjamin Matlock and Associates

$75$ Court Street

Brooklyn, NY$,11201$

Employer Tax ID# $12-3192017$

MARTHA'S ITEMIZED DEDUCTIONS:

$1)$ Her state taxes withheld were $$8,356.$

$2)$ Her local taxes withheld were $$6,177.$

The combined amount is reported on line $5$a of Schedule A

OTHER ITEMIZED DEDUCTIONS:

Edgar & Martha donated $$17,642$ to York College, and $$6,082$ to Florida State University, and Martha also donated $$3,259$ to the University of Michigan, her alma mater $($reported on lines $11$ through $14$ of Schedule A$).$

They paid $$5,769$ in mortgage interest on their home $($reported on lines $8$a through $10$ of Schedule A$).$

They paid $$3,855$ in real estate taxes. $($reported on line $5$b of Schedule A$).$

They paid $$38,260$ in out$-$of$-$pocket, unreimbursed medical expenses during the year. $($reported on lines $1$ through $4$ of Schedule A$).$ OTHER INCOME:

The couple received $$2,899$ in dividends from American Express, and $$724$ in dividends from Mobil$-$Exxon. They also received interest of $$2,970$ from M & T Bank, and $$771$ in interest from Wells Fargo Bank. $($The interest reported in Part $1$ of Schedule B and transferred to Line $2$b of Form $1040,$ and the dividends are reported in Part $2$ of Schedule B and transferred to Line $3$b of Form $1040.)$

OTHER RELEVANT FACTS:

Martha and Edgar have two children, Francine, age $19,$ and Stewie, age $16.$ Martha and Edgar provide all of their support, and the children are full$-$time students who had no income of their own. $($In this case, you can claim the $$500$ tax credit for other dependents on Lines $19$ and $21$ of Form $1040)$

The Carringtons file jointly. They reside at $321$ Norfolk Street, Brooklyn, NY$,11235.$

Required: Prepare the Carrington's tax return for $2023.$

$($Their itemized deductions for her state & local taxes will be reported on Schedule A$,$ Line $5,$ their mortgage interest will be reported on Schedule A$,$ lines $8$a thru $10$ and their charitable contributions will be reported on Schedule A$,$ lines $11$ thru $14$; their itemized OR standard deduction will be claimed on form $1040,$ Line $12$; you will have to determine which one$).$ Their itemized deduction for state & local taxes on Schedule A is limited to either the total amount paid or $$10,000,$ whichever is less.

Reminder: Remember that you are to prepare your tax return using the $2023$ tax rules, and remember to calculate their tax liability, which you will show first on Form $1040,$ Line $16,$ and proceed accordingly.

Suggested Sequence of Forms:

$1)$ Prepare Schedule B

$2)$ Prepare Form $1040$ to Line $11$

$3)$ Prepare Schedule A

$4)$ After determining whether to claim the itemized or standard deduction amount, complete Form $1040.$