Tax return 3 Use 2021 Form 1040

Tom Jones and Doris Day, each age 42, married on September 7, 2016. Tom and Doris will file a joint return for the year. Tom's Social Security number is 111-11-1111. Doris's Social Security number is 123-45-6789. They live at 211 Brickstone Drive, Atlanta, GA 30304.

Tom was divorced from Sarah Jones in March 2015. Under the divorce agreement, Tom is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Tom pays Sarah $15,000 this year. Sarah's Social Security number is 123-45-6788.

Tom's salary for the year is $150,000, and his employer, BlueBus, Inc. (Federal I.D. No. 98-7654321). His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes.

Doris recently graduated from law school and is employed by HelpMe, Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives a salary of $40,000. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes.

Doris has $2,500 in qualified dividends on Ford Corporation stock she inherited.

Tom and Doris have the following itemized deductions this year. They pay $4,500 interest and $1,450 property taxes on their personal residence. Their charitable contributions total $2,400 (all to their church). They paid state taxes which were deducted from their pay of $8,000 and $2,400.

Compute the Jones's net tax payable (or refund due) for the year. Use the 2022 Form 1040, attaching all necessary schedules. Use Form 1040 Instructions page 36 to compute tax.

Alternatively, you can use any tax software. If you use software, be sure to "print" a PDF of the filing copy of the return to attach.