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Misti purchased a residence this year. Misti is a single parent and lives with her 1year old daughter. This year, Misti received a salary of
Misti purchased a residence this year. Misti is a single parent and lives with her 1year old daughter. This year, Misti received a salary of $63,000 and made the following payments:
Home mortgage interest | $2,335 |
Real estate taxes | 1,525 |
State income taxes paid | 1,340 |
Income tax preparation fee | 250 |
Charitable contributions (cash to their church) | 120 |
Misti files as a head of household and claims two exemptions. Calculate her taxable income this year.
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