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(Ignoring Colm's expenses section) What is the total amount of itemized deductions that can be made? Please show categories and breakdown. Additionally, Danielle and Colm
(Ignoring Colm's expenses section) What is the total amount of itemized deductions that can be made? Please show categories and breakdown.
Additionally, Danielle and Colm incurred the following expenses in 2022: $4,950 for prescription drugs for the family, $1,500 in doctor copayments, a $5,000 hospital co-pay when Jack fell off the roof, and a $4,000 dentist bill during Josselyn's short time as a hockey player. Also, they made cash charitable donations of $1,00 to-tho-e, $1.000 to the Wellesley Cancer Prevent American Red Cross, $1,000 to the Wellesley Cancer Prevention Project, $2,000 to the Wounded market value of $800 and donation value of $100 ): "Child Charity" in Boston (assume a faxi pg 2 $44,000; estimated state personal income tax payments of $22,000; (merterage paymicnts $28,908; line 2 2021 personal income tax preparation fees of $2,000, heme instr $0 tee $6,600; Massachusetts real estate taxes of $9,200; Montana real estate tax of $6,500; etectrieity for the home $1,825; home heating (gas) $1,$00; dental insurance $4,000; health insurance $21,500 (not paid by employer); umbrella homeowner's poliey $1,300; housekeeping services $900, water bill $1,750, safe deposit bex $175 Colm's Expenses: Does he qualify for deduction? Colm works at home on occasion. His home office is 5% of the home's total square t Also, his expenses are as follows: business parking $500; painting of his home oftic multifunction printer $950 (purchase date: 06/25/2022 ); business meals $900; misce) office supplies $600; cell phone $1,200 (used 50% for business); CPA annual license fe phone and internet service for his office $1,100(100% business use); fax line $300; prof Additionally, Danielle and Colm incurred the following expenses in 2022: $4,950 for prescription drugs for the family, $1,500 in doctor copayments, a $5,000 hospital co-pay when Jack fell off the roof, and a $4,000 dentist bill during Josselyn's short time as a hockey player. Also, they made cash charitable donations of $1,00 to-tho-e, $1.000 to the Wellesley Cancer Prevent American Red Cross, $1,000 to the Wellesley Cancer Prevention Project, $2,000 to the Wounded market value of $800 and donation value of $100 ): "Child Charity" in Boston (assume a faxi pg 2 $44,000; estimated state personal income tax payments of $22,000; (merterage paymicnts $28,908; line 2 2021 personal income tax preparation fees of $2,000, heme instr $0 tee $6,600; Massachusetts real estate taxes of $9,200; Montana real estate tax of $6,500; etectrieity for the home $1,825; home heating (gas) $1,$00; dental insurance $4,000; health insurance $21,500 (not paid by employer); umbrella homeowner's poliey $1,300; housekeeping services $900, water bill $1,750, safe deposit bex $175 Colm's Expenses: Does he qualify for deduction? Colm works at home on occasion. His home office is 5% of the home's total square t Also, his expenses are as follows: business parking $500; painting of his home oftic multifunction printer $950 (purchase date: 06/25/2022 ); business meals $900; misce) office supplies $600; cell phone $1,200 (used 50% for business); CPA annual license fe phone and internet service for his office $1,100(100% business use); fax line $300; profStep by Step Solution
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