Elmont Stanford (SS# 114-48-1998) is a Certified Public Accountant. His date of birth is March 23, 1967. He resides at 873 West Blvd, Hartford, CT 06105. During the year, He had the following items:

1) He is employed by the CPA firm of Cooking the Books, LLC. His w-2 showed that His salary for the year amounted to $155,026 (this is reported on Form 1040, Line 1). Federal tax withheld was $26,580. (this is reported on Form 1040, Lines 25a and 25d).

2) He had interest income from T.D. Bank during the year amounting to $2,014. (this is reported on Form 1040, Line 2b, and Part 1 of Schedule B).

3) His itemized deductions were as follows:

Connecticut State Income Taxes Withheld: $5,413 (this is reported on Line 5a of Schedule A)

Local (City of Hartford) Taxes Withheld: $4,152 (this is reported on Line 5a of Schedule A)

Real Estate Taxes $4,526 (this is reported on Line 5b of Schedule A)

Charitable Contributions $4,910

Mortgage Interest $3,716

(His itemized deductions for his state & local taxes will be reported on Schedule A, Line 5, his mortgage interest will be reported on Schedule A, lines 8a thru 10 and his charitable contributions will be reported on Schedule A, lines 11 thru 14; his itemized OR standard deduction will be claimed on form 1040, Line 12; you will have to determine which one).

The itemized deduction for state & local taxes on Schedule A is limited to either the total amount paid or $10,000, whichever is LESS.

4) Elmont is unmarried and has no dependents. He does not contribute to the Presidential Election Campaign Fund.

5) Elmont has no deductions for adjusted gross income.

Required: Prepare Elmonts 2022 Tax Return (Form 1040) and determine whether he has a net balance due or He gets a refund.

Reminder: Remember that you are to prepare your tax return using the 2022 tax rules, and remember to calculate His tax liability, which you will show on Form 1040, Lines 16, 19, and 24.

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.