Leah, a 35 year old single taxpayer, has had similar transactions for 10 years for taxes. She rents her home. In 2018, the following occurred that relates to taxes in her life:
- She paid 2,000 of medical expenses out of pocket
- When combining her two form W-2s that she has received from her two separate employers, it is stated that she paid 3,415 in state taxes, and 1,900 in local taxes. She has not made any estimated tax payments, or any payments of any type, other than withholding to her state and local taxpaying authorities.
- She had 1,000 of gambling losses, and no gambling winnings.
- She donated 3,000 to qualified charities
- Her AGI is 62,300.
- She uses the filing status of single
1. For 2017 fill out both Schedule A and only lines 38-44 of form 1040
38 -
39-
40 -
41 -
41 -
42-
43 -
44 -
2. For 2018, fill out both Schedule A and only lines 7-11 of form 1040
7 -
8 -
9 -
10 -
11 -
3. When considering only the from AGI deductions, and not the change in tax rates in 2018, did the tax law changes help or hurt Leah?
Itemized Deductions SCHEDULE A (Form 1040) Department of the Treasury OMB No. 1545-0074 Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040. 2017 Attachment Your social security number nternall Revenue Service9 Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 28 e No. 07 shown on 1040 Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) 2 Enter amount from Form 1040, line 382 Medical 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-0- Taxes You 5 State and local (check only one box: Paid Income taxes, or General sales taxes 5 a b 8 Other taxes. List type and amount 9 10 11 Add lines 5 Home mortgage interest and points reported to you on Form 1098 Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 8 10 You Paid Your mortgage deduction may be limited (see 12 Points not reported to you on Form 1098. See instructions for 13 Mortgage insurance premiums (see instructions).... 13 14 Investment interest. Attach Form 4952 if required. See instructions 14 15 Add lines 10 16 Gifts by cash or check. If you made any gift of $250 or more, Gifts to If you made a 17 gift and got a benefit for it, see instructions. Other than by cash or check. If any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 17 9 Add lines 16 Casualty and 20 Casualty or theft loss(es) other than net qualified disaster losses. Attach Form 4684 and Theft Losses enter the amount from line 18 of that form. See instructions 20 Job Expenses 21 Unreimbursed employee expenses-job travel, union dues, and Certain job education, etc. Attach Form 2106 or 2106-EZ if required. See instructions. 21 Deductions 22 Tax preparation fees .. .. . . . . - 23 Other expenses-investment, safe deposit box, etc. List type and amount 24 25 Enter amount from Form 1040, line 38 25 26 Subtract line 26 from line 24. If line 26 is more than line 24, enter -0- 27 27 28 Other-from list in instructions. List type and amount Total Itemized Deductions 29 Is Form 1040, line 38, over $156,900 No.Your deduction is not limited. Add the amounts in the far right column for lines 4 through 28. Also, enter this amount on Form 1040, line 40. Yes. Your deduction may be limited. See the Itemized Deductions Worksheet in the instructions to figure the amount to enter 29 30 If you elect to itemize deductions even though they are less than your standard deduction, check here For Paperwork Reduction Act Notice, see the Instructions for Form 1040. Cat. No. 171450 Schedule A (Form 1040) 2017 SCHEDULE A (Form 1040) Itemized Deductions OMB No. 1545-0074 Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040. 2018 Department of the Treasury Internal Revenue Service 9Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Name(s) shown on Form 1040 uence No. 07 Your social security number Medical and Dental Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) . . 2 Enter amount from Form 1040, line 7 2 4 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0 5 State and local taxes. Taxes You Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box . . . . . . b State and local real estate taxes (see instructions). c State and local personal property taxes . . . .. 15a ...5b 5c . . e Enter the smaller of line 5d or $10,000 ($5,000 if married filing 5e 6 Other taxes. List type and amount 6 7 Add lines 5e and 6 7 Interest You Paid Caution: Your mortgage interest deduction may be 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box . . .> a Home mortgage interest and points reported to you on Form limited (see b Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 8b c Points not reported to you on Form 1098. See instructions for d Reserved. . 80d 9 Investment interest. Attach Form 4952 if required. See instructions Add lines 8e and 9 9 10 10 Gifts to Charity 11 Gifts by cash or check. If you made any gift of $250 or more, 12 Other than by cash or check. If any gift of $250 or more, see If you made a instructions. You must attach Form 8283 if over $500 12 13 and got a see instructions.14 Add lines 11 t for it 13 Carryover from prior year Casualty and Theft Losses 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions 16 Other-from list in instructions. List type and amount Other Itemized Deductions Total Itemized Deductions 18 If you elect to itemize deductions even though they are less than your standard 16 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on deduction, check here For Paperwork Reduction Act Notice, see the Instructions for Form 1040. Cat. No. 17145C Schedule A (Form 1040) 2018 Itemized Deductions SCHEDULE A (Form 1040) Department of the Treasury OMB No. 1545-0074 Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040. 2017 Attachment Your social security number nternall Revenue Service9 Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 28 e No. 07 shown on 1040 Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) 2 Enter amount from Form 1040, line 382 Medical 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-0- Taxes You 5 State and local (check only one box: Paid Income taxes, or General sales taxes 5 a b 8 Other taxes. List type and amount 9 10 11 Add lines 5 Home mortgage interest and points reported to you on Form 1098 Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 8 10 You Paid Your mortgage deduction may be limited (see 12 Points not reported to you on Form 1098. See instructions for 13 Mortgage insurance premiums (see instructions).... 13 14 Investment interest. Attach Form 4952 if required. See instructions 14 15 Add lines 10 16 Gifts by cash or check. If you made any gift of $250 or more, Gifts to If you made a 17 gift and got a benefit for it, see instructions. Other than by cash or check. If any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 17 9 Add lines 16 Casualty and 20 Casualty or theft loss(es) other than net qualified disaster losses. Attach Form 4684 and Theft Losses enter the amount from line 18 of that form. See instructions 20 Job Expenses 21 Unreimbursed employee expenses-job travel, union dues, and Certain job education, etc. Attach Form 2106 or 2106-EZ if required. See instructions. 21 Deductions 22 Tax preparation fees .. .. . . . . - 23 Other expenses-investment, safe deposit box, etc. List type and amount 24 25 Enter amount from Form 1040, line 38 25 26 Subtract line 26 from line 24. If line 26 is more than line 24, enter -0- 27 27 28 Other-from list in instructions. List type and amount Total Itemized Deductions 29 Is Form 1040, line 38, over $156,900 No.Your deduction is not limited. Add the amounts in the far right column for lines 4 through 28. Also, enter this amount on Form 1040, line 40. Yes. Your deduction may be limited. See the Itemized Deductions Worksheet in the instructions to figure the amount to enter 29 30 If you elect to itemize deductions even though they are less than your standard deduction, check here For Paperwork Reduction Act Notice, see the Instructions for Form 1040. Cat. No. 171450 Schedule A (Form 1040) 2017 SCHEDULE A (Form 1040) Itemized Deductions OMB No. 1545-0074 Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040. 2018 Department of the Treasury Internal Revenue Service 9Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Name(s) shown on Form 1040 uence No. 07 Your social security number Medical and Dental Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) . . 2 Enter amount from Form 1040, line 7 2 4 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0 5 State and local taxes. Taxes You Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box . . . . . . b State and local real estate taxes (see instructions). c State and local personal property taxes . . . .. 15a ...5b 5c . . e Enter the smaller of line 5d or $10,000 ($5,000 if married filing 5e 6 Other taxes. List type and amount 6 7 Add lines 5e and 6 7 Interest You Paid Caution: Your mortgage interest deduction may be 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box . . .> a Home mortgage interest and points reported to you on Form limited (see b Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 8b c Points not reported to you on Form 1098. See instructions for d Reserved. . 80d 9 Investment interest. Attach Form 4952 if required. See instructions Add lines 8e and 9 9 10 10 Gifts to Charity 11 Gifts by cash or check. If you made any gift of $250 or more, 12 Other than by cash or check. If any gift of $250 or more, see If you made a instructions. You must attach Form 8283 if over $500 12 13 and got a see instructions.14 Add lines 11 t for it 13 Carryover from prior year Casualty and Theft Losses 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions 16 Other-from list in instructions. List type and amount Other Itemized Deductions Total Itemized Deductions 18 If you elect to itemize deductions even though they are less than your standard 16 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on deduction, check here For Paperwork Reduction Act Notice, see the Instructions for Form 1040. Cat. No. 17145C Schedule A (Form 1040) 2018
