Harold J. Milton (SSN 000-22-1111) is 66 years old and unmarried, filing single with no dependents. He had the following income and deductions for 2019: Salary $ 177,000.00

State Income Taxes $ 18,000.00 Interest income from State Bank $ 12,000.00

Mortgage interest expense on resident (100% acquisition debt) $ 19,000.00 Dividend income (qualified) $ 18,000.00

Interest expense on car loan $ 3,000.00 Deductible IRA contribution $ 5,000.00

Misc. Deduction (before floor) $ 2,000.00

Tax exempt interest income from municipal bons $ 24,000.00

Income Taxes Withheld $ 20,000.00 Charitable Contributions $ 27,000.00

Estimated Tax Payments ($2,500 per quarter) $ 10,000.00 Medical Expense (before the floor) $ 18,000.00

Complete Miltons 2019 Form 1040-SR, Schedules 1, 2, 3, A, B and Form 8960. In 2018, Milton had AGI of $200,000 and his income tax liability was $46,000.

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