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Jerry is single, age 60, and had adjusted gross income of $120,000 in 2020. His deductible expenses were as follows: Alimony(divorce finalized in 2017) Charitable
Jerry is single, age 60, and had adjusted gross income of $120,000 in 2020. His deductible expenses were as follows: Alimony(divorce finalized in 2017) Charitable contributions $20,000 4,000 Contribution to a traditional IRA 5,500 State income taxes paid 7.000 Interest on home mortgage 6.200 Property taxes Paid 5.000 Medical expenses 3.000 What is Jerry's total allowable itemized deductions in 2020? |
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