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Jerry is single, age 60, and had adjusted gross income of $120,000 in 2022. His deductible expenses were as follows: Alimony(divorce finalized in 2017) $20,000
Jerry is single, age 60, and had adjusted gross income of $120,000 in 2022. His deductible expenses were as follows: Alimony(divorce finalized in 2017) $20,000 Student loan interest paid 2,500 Contribution to a traditional IRA 5,500 State income taxes paid 5,500 Interest on home mortgage 8,500 Real estate taxes paid 7,000 Property tax (Car) 400 What is Jerry's total allowable itemized deductions in 2022?
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