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In 2023, Eleanor & John, married filing jointly and both under 65, had $9,000 home mortgage interest, $2,000 of real estate taxes, $8,000 of state
In 2023, Eleanor & John, married filing jointly and both under 65, had $9,000 home mortgage interest, $2,000 of real estate taxes, $8,000 of state income tax, and sales tax of $7,000. Assuming adjusted gross income of $50,000, which of the following would be true? A. They should take a standard deduction of $12,950. B. They should take a standard deduction of $19,000. C. They should take a standard deduction of $27,700. D. They should take an itemized deduction of $26,000.
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