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Scenario $3$: The Impact of Significant Donations

Wages: Thomas $($$$98,000),$ Emily $($$$32,000)$

Long$-$term Capital Gains: $$45,000$

Interest and Dividend Income: $$800$

QBI: None

Itemized Deductions: $$15,000($before charitable donations$)$

Allowable deduction for self$-$employment tax: None

Additional Information:

Cash Donation to Qualified Charity: $$30,000$

Calculate:

AGI, Taxable Income, Potential Child Tax Credits, Total Tax Liability

Explore strategies to maximize the tax benefit of the large donation $($carryovers$,$ etc.$)$

Scenario $4$: Energy Efficiency Credits

Wages: Robert $($$$58,000),$ Sarah $($$$65,000)$

Interest and Dividend Income: $$1,600$

QBI: None

Itemized Deductions: $$21,000$

Allowable deduction for self$-$employment tax: None.

Additional Information:

Installed new energy$-$efficient windows costing $$9,000$

Installed a solar energy system costing $$18,000$

Calculate:

AGI, Taxable Income, Potential Child Tax Credits, Total Tax Liability

Analyze their potential eligibility for energy$-$related tax credits.