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Jared and Ashley have come to you for help filing their 2 0 2 2 tax return. They are married on December 3 1 ,
Jared and Ashley have come to you for help filing their tax return. They are married on December and are both age They live with their three qualifying children, Nick, Betty, and Roger, who were and years old, respectively, at the end of
They have made the following requests:
They wish to file a joint tax return.
If they overpaid their taxes this year, they would like to receive half as a refund and have half applied to next years federal tax return hint: this is a commonly missed item on the quiz
Jared and Ashley have the following income items during :
Jareds wages of $
Jareds unemployment compensation of $
Ashleys wages of $
Interest from a city of Chicago bond of $
Interest from a corporate bond of $
Ordinary dividends of $
Gift from Jareds father of a new computer that cost $
A $ refund from the State of Illinois for income taxes paid in
Jared and Ashley incurred the following expenseslosses during :
Contributions of $ to each of Jared and Ashleys traditional IRAs, ie $ total they are not covered by any other qualified retirement plans
Qualified medical expenses of $
Personal credit card interest expense of $
Charitable contributions of $
Ten $ parking tickets totaling $
Mortgage interest on primary residence of $mortgage is $
Property taxes on the primary residence of $
Illinois state and local income taxes paid of $
Federal tax withholding on Jared and Ashleys Ws of $
They also provide you with the following information about their prior year return:
On their prior year federal tax return, they claimed itemized deductions itemized deductions exceeded the standard deduction by $ And, they deducted all $ of their state and local taxes on Schedule A ie the SALT cap did not apply
Jared and Ashley elected to have $ of their tax refund applied to please must answer need QWhat amount is reported on the Form line: Amount you want refunded to you? Note: Enter whole numbers only. Do not enter a $ sign or a comma. Q What amount is reported on the Form line: Amount you want applied to your next year's estimated tax? Note: Enter whole numbers only. Do not enter a $ sign or a comma.
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