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For calendar year 2024, Omar and Aria Stewart (ages 63 and 64) have a gross income of $260,000 not including their Social Security benefits of
For calendar year 2024, Omar and Aria Stewart (ages 63 and 64) have a gross income of $260,000 not including their Social Security benefits of $23,529. Omar and Aria also incur the following expenditures: Medical expenses before "floor" Interest on home mortgage (acquisition debt) of $300,000 Interest on home equity loan used to improve the home Interest on credit cards Property taxes on home Charitable contributions State income tax $30,000 10,000 3,000 800 13,000 17,000 15,0001| a. What is John and Aria's AGI for 2024?9
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