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Please help. 6.) Jennifer files head of household and her personal car, a 2016 Ford Mustang GT, was completely destroyed in a car accident when
Please help.
6.) Jennifer files head of household and her personal car, a 2016 Ford Mustang GT, was completely destroyed in a car accident when she was trying to flee from a hurricane in a federal disaster area. She bought the car several years ago for $32,000 and it was worth $23,000 at the time of the accident. What amount may Jennifer deduct as itemized deductions this year if she received $10,000 insurance reimbursement and her AGI is $40,000 ? 7.) Bridget who is married with two dependent children is self-employed and paid $4,000 towards self-employment health insurance in 2022. Bridget also paid self-employment tax of $8,800 in 2022. Bridget's husband works as an employee for IBM and pays towards a health insurance plan that covers the whole family. What amount of self-employed health insurance deduction and self-employment tax deduction may Bridget claim in 2022Step by Step Solution
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