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Elizabeth is single, is not claimed as a dependent on anyone else's tax return, and has the following expenses: mortgage interest of $3200, charitable contributions
Elizabeth is single, is not claimed as a dependent on anyone else's tax return, and has the following expenses: mortgage interest of $3200, charitable contributions of $590, and state and local taxes of $1870. Given this information, what amount should Elizabeth claim as a deduction on her tax return? She should claim the standard deduction. She should calculate and claim itemized deductions. She should claim a tax credit based on the mortgage interest paid rather than a deduction. She should claim the standardized credit adjustment. Elizabeth is single, is not claimed as a dependent on anyone else's tax return, and has the following expenses: mortgage interest of $3200, charitable contributions of $590, and state and local taxes of $1870. Given this information, what amount should Elizabeth claim as a deduction on her tax return? She should claim the standard deduction. She should calculate and claim itemized deductions. She should claim a tax credit based on the mortgage interest paid rather than a deduction. She should claim the standardized credit adjustment
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