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Linda, who files as a single taxpayer, had AGI of $280,000 for 2021. She incurred the following expenses and losses during the year: Medical Expenses
Linda, who files as a single taxpayer, had AGI of $280,000 for 2021. She incurred the following expenses and losses during the year:
Medical Expenses (before the 7.5% of AGI limitation) | $ 33,000 |
State and local income taxes | $ 4,800 |
State sales tax | $ 1,300 |
Real estate taxes | $ 6,000 |
Home mortgage interest | $ 5,000 |
Automobile loan interest | $ 750 |
Credit Card Interest | $ 1,000 |
Charitable contributions | $ 7,000 |
Casualty loss (before the 10% of AGI limitation but after the $ 100 floor; not in a Federally declared disaster area) | $ 34,000 |
Unreimbursed employee business expenses | $ 7,600 |
Calculate Lindas allowable itemized deductions for the year.
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