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help filling out plz Tax Return Problem #3 - Schedule A 68 James and Nancy Richards enjoyed an adjusted gross income (AGI) of $77,700 for
help filling out plz
Tax Return Problem #3 - Schedule A 68 James and Nancy Richards enjoyed an adjusted gross income (AGI) of $77,700 for 2020. James' social security number is 123-54-9876. Nancy's social security number is 710-23-8235. They had the following expenses in 2020: MEDICAL EXPENSES: 3600 643 8720 $3,000 Health insurance $2,250 Prescription drugs $ 160 Over-the-counter medicine $ 210 Co-pay for doctor's exam $ 1,750 Dentist $ 800 Chiropractor $ 340 Insurance reimbursement check 100 miles in travel for doctor and dentist appointments 652 657 TAXES 8720 $ 110 State tax refund received in 2020 $1,815 State income tax withholding in 2020 $ 9,960 Property taxes $ 175 Vehicle property tax $ 4,875 Sales taxes paid in 2020 INTEREST $9,303 Home mortgage interest expense paid in 2020 $ 916 Interest on car loan $ 1,540 Interest expense paid in 2020 on Credit Cards CONTRIBUTIONS $ 6,300 contributed to the First Bible Church $ 150 contributed to the Red Cross $ 2,000 in housewares and clothing donated to charity $ 20 given to someone asking for money for gas for their Complete the Schedule A for James and Nancy. Attach to Form 1040 1040-SR Department of the Treasury Attachment Internal Reverse Service (9 Caution: If you are claiming a not qualified disaster loss on Form 4684, see the Instructions for Ine 16. Sequence No. 07 Name() shown on Form 1040 or 1040-SR Your social security number James and Nancy Richard 710-23-8235 Medical Caution: Do not include expenses reimbursed or paid by others. and 1 Medical and dental expenses (see instructions) Dental 2 Enter amount from Form 1040 or 1040-SR, line 11 2 77,700 Expenses 3 Multiply line 2 by 7.5% (0.075). 3 4 Subtract line 3 from line 1. If line 3 is more than line 1. enter-O- Taxes You 5 State and local taxes. Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of Income taxes, check this box. 50 b State and local real estate taxes (see instructions) c State and local personal property taxes 5c d Add lines 5a through 5c 5d e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 5e 6 Other taxes. List type and amount 5b Interest You Paid Caution Your mortgage interest deduction may be limited instruction 7 Add lines 5 and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy build, or improve your home, see Instructions and check this box a Home mortgage interest and points reported to you on Form 1098. See Instructions if limited b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no.. and address + Ba 10 8b c Points not reported to you on Form 1098 See instructions for special rules d Mortgage Insurance premiums (see instructions) Bd e Add lines Ba through 8d Be 9 Investment interest. Attach Form 4952 if required. See instructions 9 10 Add lines 8e and 9 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, see Charity instructions 11 Caution you 12 Other than by cash or check. If you made any gift of $250 or more, made a gift and got a benefit for it see instructions. You must attach Form 8283 if over $500 12 Bontructions 13 Carryover from prior year 13 14 Add lines 11 through 13 Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified Theft Losses disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See Instructions 14 15 Interest You Paid Caution: Your mortgage Interest deduction may be limited (see instructions b State and local real estate taxes (see instructions). 5b c State and local personal property taxes. 5c d Add lines 5a through 5c 5d e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 5e 6 Other taxes. List type and amount 6 7 Add lines be and 6 8 Home mortgage Interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box a Home mortgage interest and points reported to you on Form 1098 See instructions if limited Ba b Home mortgage Interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no, and address Bb c Points not reported to you on Form 1098. See Instructions for special rules 8c d Mortgage Insurance premiums (see instructions) 8d e Add lines Ba through 8d Be 9 Investment interest. Attach Form 4952 if required. See instructions 9 10 Add lines Be and 9 10 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, see Charity instructions 11 Caution if you 12 Other than by cash or check. If you made any gift of $250 or more, made a pin and got a benefit for see instructions. You must attach Form 8283 if over $500. 12 se intructions 13 Carryover from prior year 13 14 Add lines 11 through 13 14 Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified Theft Losses disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions 15 Other 16 Other from list in instructions. List type and amount Itemized Deductions 16 Total 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Itemized Form 1040 or 1040-SR line 12 17 Deductions 18 If you elect to itemize deductions even though they are less than your standard deduction check this box For Paperwork Reduction Act Notice, see the Instructions for Forms 1040 and 1040-SR. Cat No. 17145C Schedule A [Form 10402020 Step by Step Solution
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