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Matt paid the following taxes for 2016: Real estate taxes on his own residence $3,600 State income taxes 900 Local city income taxes 300 State
Matt paid the following taxes for 2016:
Real estate taxes on his own residence $3,600 State income taxes 900 Local city income taxes 300 State sales taxes 1,400 What is the maximum amount that Matt can deduct as itemized deduction(s) on his 2016 federal income tax return?Consider deductible taxes only. Include a detailed calculation of the allowed tax deduction(s) and an explanation of your answer.
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