Trevor plans to purchase a residence next year, and he estimates that additional property taxes and residential interest will cost $2,900 and $23,500, respectively, each year. Estimate Trevor's taxable income for each of the next two years (2023 and 2024) using the 2023 amounts for the standard deduction and also assuming Trevor makes the charitable contribution of $8,600 and state tax payments of $3,250 in each year. Note: Amounts to be deducted should be indicated with a minus sign. Salary Itemized deductions Standard deduction 2022 2023 Taxable income $ 0 Total taxable income for the two years 69 $ 0 Show less