required to fill out Tax form

Form 1040

Schedule A

ScheduleB

Schedule SE

schedule D

schedule 1

schedule 2

Use 2022 Forms and Information (Note there are some differences). Use 2023 tax rates and tables in calculating the tax. Taylor and Travis Maautos got married eight years ago and have a seven-year old son, Jake. This year Taylor worked as a computer technician at a local university, earning a salary of $152,000, and Travis worked part-time as a receptionist for State Farm, earning a salary of $29,000. Taylor also does some singing on the side and reported revenues of $4,000 and associated expenses of $750 (supplies $400; legal assistance $350 ). Frequently she drove straight from the law firm to her singing engagements during the year and, having taken a tax course and knowing the IRS rules on contemporaneous documentation, was meticulous in recording her travel miles on such occasions. She recorded a total of 1,500 miles. The Maautos reported making the following payments during the year: - State income taxes of $5,200. - Alimony payments to Taylor's former spouse of $15,000 (divorced on 12/31/14 ) - Child support payments for Taylor's child with her former spouse of $5,000 - Travis was reimbursed $600 for employee business expenses he incurred. He was required to provide documentation for the expenses to his employer. - $4,200 to Kid Care day care center for Jake's care while Taylor and Travis worked - $14,000 interest on their home mortgage ( $400,000 acquisition debt) - $3,000 interest on a $40,000 home equity loan. They used the loan for a family vacation to Manchester, NH and a new car - $17,000 cash charitable contributions to qualified charities - Donation of used furniture to the Salvation Army. The furniture had a fair market value of $400 and cost $2,000 - $2,000 refund of state income taxes. Itemized deductions in the prior year were well in excess of the standard deduction - Property taxes of $3,500 - They do a significant amount of volunteering for Special Olympics. During the year they drove 600 miles to various Special Olympics events and they estimate the value of their donated time at $7,500. During the year, the Maautos had federal income taxes withheld of $24,000 and made estimated payments of $4,000. Use 2022 Forms and Information (Note there are some differences). Use 2023 tax rates and tables in calculating the tax. Taylor and Travis Maautos got married eight years ago and have a seven-year old son, Jake. This year Taylor worked as a computer technician at a local university, earning a salary of $152,000, and Travis worked part-time as a receptionist for State Farm, earning a salary of $29,000. Taylor also does some singing on the side and reported revenues of $4,000 and associated expenses of $750 (supplies $400; legal assistance $350 ). Frequently she drove straight from the law firm to her singing engagements during the year and, having taken a tax course and knowing the IRS rules on contemporaneous documentation, was meticulous in recording her travel miles on such occasions. She recorded a total of 1,500 miles. The Maautos reported making the following payments during the year: - State income taxes of $5,200. - Alimony payments to Taylor's former spouse of $15,000 (divorced on 12/31/14 ) - Child support payments for Taylor's child with her former spouse of $5,000 - Travis was reimbursed $600 for employee business expenses he incurred. He was required to provide documentation for the expenses to his employer. - $4,200 to Kid Care day care center for Jake's care while Taylor and Travis worked - $14,000 interest on their home mortgage ( $400,000 acquisition debt) - $3,000 interest on a $40,000 home equity loan. They used the loan for a family vacation to Manchester, NH and a new car - $17,000 cash charitable contributions to qualified charities - Donation of used furniture to the Salvation Army. The furniture had a fair market value of $400 and cost $2,000 - $2,000 refund of state income taxes. Itemized deductions in the prior year were well in excess of the standard deduction - Property taxes of $3,500 - They do a significant amount of volunteering for Special Olympics. During the year they drove 600 miles to various Special Olympics events and they estimate the value of their donated time at $7,500. During the year, the Maautos had federal income taxes withheld of $24,000 and made estimated payments of $4,000