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Samira is single and 48 years of age. She itemizes her deductions. Her AGI is $60,000. Samira provided the following information about her expenditures for
Samira is single and 48 years of age. She itemizes her deductions. Her AGI is $60,000.
Samira provided the following information about her expenditures for 2019:
Loss on sales of stocks $5,500
Interest on Capital one credit card 3,200
Mortgage interest payments 13,800
IRA contribution (Traditional) 4,500
State income tax estimated payment 1,200
Contribution to charitable organizations 2,000
Contribution to Redcross 500
What is Samiras deduction for AGI for 2019?
A. | $10,000. | |
B. | some other amount. | |
C. | $22,200. | |
D. | $7,500. | |
E. | $21,800. |
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