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Taxpayer T, whose filing status is Head of Household, has the following deductions for the tax year. Determine the total amount of From AGI deductions

Taxpayer T, whose filing status is Head of Household, has the following deductions for the tax year. Determine the total amount of From AGI deductions the taxpayer is permitted to deduction.

  • 50% of self-employment tax - $11,304 (total SE tax is 22,608)
  • Traditional IRA contribution - $3,000
  • State and local income taxes - $6,500
  • Mortgage interest (not limited) - $4,000
  • Cash contributions to charities (not limited) - $7,000
  • Qualified business income deduction - $16,000

$44,804

$36,500

$33,500

$34,350

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