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Jon and Betty Hansen (ages 59 and 60) file a joint return reflecting AGI of $280,000. They incur the following expenditures: Qualifying medical expenses $30,000
Jon and Betty Hansen (ages 59 and 60) file a joint return reflecting AGI of $280,000. They incur the following expenditures: Qualifying medical expenses $30,000 Casualty loss caused by home electrical fire 30,000 Interest on home mortgage 11,000 Interest on credit cards 800 Property taxes on home 13,000 Charitable contributions (cash to church) 17,000 State income tax 9,000 Sales taxes 1,200 What is the amount of itemized deductions the Hansens may claim? Jon and Betty Hansen (ages 59 and 60) file a joint return reflecting AGI of $280,000. They incur the following expenditures: Qualifying medical expenses $30,000 Casualty loss caused by home electrical fire 30,000 Interest on home mortgage 11,000 Interest on credit cards 800 Property taxes on home 13,000 Charitable contributions (cash to church) 17,000 State income tax 9,000 Sales taxes 1,200 What is the amount of itemized deductions the Hansens may claim
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