Using 2019 IRS forms and the information below, William is 53 and Joyce is 51. They are married. William is a manager for ABC Corporation, a firm that manufactures and distributes widgets. Joyce is a self-employed author of childrens books. The taxpayer wish to minimize their tax by deferring income and accelerating deductions when possible.

1. The taxpayers incurred the following medical expenses before receiving $700 reimbursement from their health insurance policy: Medical Premiums $4,000 Doctors $1,000 Chiropractor $ 600 Dentist $1,000 Vet Fees (family dog) $ 300 Prescription Drugs $ 300 Over-the-counter drugs (aspirin, cough syrup) $ 200

2.The taxpayers pay the following property taxes: House $12,000 Car (ad valorem) $ 500