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Tates-Possible Itemized Deductions (Not all deductions are allowed) Charity deductions (You research and decide) 1-Donated 3 large boxes of designer clothes to Goodwill (Estimated
Tates-Possible Itemized Deductions (Not all deductions are allowed) Charity deductions (You research and decide) 1-Donated 3 large boxes of designer clothes to Goodwill (Estimated value $500) 2-Donated $5000 tithes to church 3-Paid $100 to support PBS 4-Gave $500 online to gofundme for Nephew's Hike across Europe 5-Spent $60 when they attended the local bar's Beers for Babies with 20% of door and beer sales going to hospital NICU ward. 6-Paid $25 for 2 pairs of Bombas crew socks so Bombas would donate 2 pairs to the needy. (The company will donate 1 pair for every pair you buy) 7-Gave $100 donation to Relay for Life 8-Bought a $100 Dream Home Give-away ticket /donation to Habitat for Humanity fundraiser. 9-Contributed $100 to Save our Shores political action committee Business Exp deductions (You research and decide) 1-Paid $350 for motel stay at a business conference Half reimbursed by business 2-Conference registration $100 Half reimbursed by business 3-Paid $42 for the 12 gal. of gas used to travel to/from conference (250 miles) Reimbursed $.10 per mile for gas Medical exp deductions (You research and decide) 1-Paid $250 Gym membership because doctor said Larry ought to get into shape Not covered by their particular insurance policy 2-Paid $50 a week for 8 weeks to therapist to deal w/ PTSD after traumatic experience Not covered by their particular insurance policy 3-Paid $8000 non reimbursed co-pay for CT Scans and x-rays ordered by doctor Copay is a fee that Insurance says policy holder has to pay 4-Paid $400 in doctor visit copays. Copay is a fee that Insurance says policy holder has to pay 5-Paid $75 every other week for 12 months to exercise with a physical therapist. Insurance reimbursed $25 per month 6-Spent $70 a month on vitamins and health supplements Not covered by their particular insurance policy 7-Spent $20 a month for a blood pressure prescription Partial amount that policy holder had to pay Mortgage interest & Property tax 1-paid interest $2890 on loan 2-Paid $600 in property taxes After Filling out the itemized 1040sa - You use the greater amount between the itemized total and the standard deduction What will their deduction be?
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