Question
Oscar and Ruth file a joint return for 2022. Their only valid itemized deduction is a charitable contribution of $30,000 to the American Cancer Society.
Oscar and Ruth file a joint return for 2022. Their only valid itemized deduction is a charitable contribution of $30,000 to the American Cancer Society. They want to know if they should claim the standard deduction or itemize their deductions. (The standard deduction amount for married filing jointly for 2022 is $25,900.)
Please answer with steps
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Cost And Management Accounting An Introduction
Authors: Colin Drury
7th Edition
1408032139, 978-1408032138
