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What deductions and tax credits do these three qualify for? Descriptions are below So far I have Ji I have: Mortgage Interest Deduction Charitable
What deductions and tax credits do these three qualify for? Descriptions are below
So far I have Ji I have:
Mortgage Interest Deduction
Charitable Donations Deduction
Medical Expenses Deduction
Child Tax Credit
So far for Alex and Susan I have:
Mortgage Interest Deduction
Medical Expenses Deduction
Educator Expenses Deduction
Other Dependent Credit
For Jeffrey I have
Mortgage Interest Deduction
Charitable Donations Deduction
Student Loan Interest Deduction
I have no credits so far for Jeffrey
Am I missing any based on the below information?
Client 1:
Ji Bao is a single father with one son, Christian, who has lived with him all year. Ji was unmarried at the end of the year. He has full custody of Christian. Ji works at the local hardware store as a retail manager. He also worked part time at the library for several months during the summer and as a server on the weekends.
Client 1 Details
Ji provides receipts for co-pays paid to his doctor totaling $10,550 for the year.
Ji provides Form 1098 reporting $7,685 in mortgage interest and $2,320 in mortgage insurance premiums for his primary residence.
Ji reports paying $1,985 in real estate taxes for the year on his primary residence.
Je provides a statement from his local church for cash contributions of $3,000 for the year.
Ji provides receipts for his son's school uniforms totaling $500 for the year.
The general sales tax paid was $1,116.
Alexander and Susan Lawson are married and have no children. Susan's mother, Ana Alvarez, had been living in their care for over three years since she was no longer able to care for herself on her own. Ana is a U.S. permanent resident and earns no income in the United States or abroad. Both Alexander and Susan are teachers at the local elementary school. Alexander teaches 4th grade and Susan teaches 1st grade. They are active participants in the school's after-care program and summer camp.
Client 2 Details
They provide Form 1098 reporting $6,805 in mortgage interest and $2,199 in mortgage insurance premiums for their primary residence.
They report paying $3,355 in real estate taxes for the year on their primary residence.
They paid $600 toward co-pays for Ana's visits to the doctor.
Alexander provided receipts of $1,010 for books, supplies, and supplementary materials for his classroom.
Susan provided receipts of $495 for books, supplies, and supplementary materials for her classroom.
General sales tax paid was $964.
Jeffrey and Rosemarie are separated and have chosen not to file their tax returns together for the current year. They are living in separate residences as of early this year. Rosemarie informed Jeffrey that she will be itemizing her deductions on her tax return for this tax year.
Client 3 Details
Jeffrey received $100 from a certificate of deposit as interest income.
Jeffrey provided Form 1098 reporting $8,150 in mortgage interest and $7,520 in real estate taxes for his primary residence.
Jeffrey noted that he was able to pay off the mortgage on his secondary home used as a vacation home at the end of last year, so he does not have a Form 1098 any longer on that property, but he paid real estate taxes of $2,566.
Jeffrey provided Form 1098-E reporting student loan interest paid of $8,530.
Jeffrey provided the following additional information: He spent $2,600 on uniforms for his job as a nurse, $750 in non-cash contributions, $1,500 in charitable contributions, and $400 for tax preparation fees from the prior year. The non-cash items donated included clothing, old electronics, and other household items valued at thrift-store prices of $750 on 5/20/21 when they were donated to Goodwill at 3301 Nationway, Cheyenne, WY 82001.
The general sales tax paid was $433.
So far I have Ji I have:
Mortgage Interest Deduction
Charitable Donations Deduction
Medical Expenses Deduction
Child Tax Credit
So far for Alex and Susan I have:
Mortgage Interest Deduction
Medical Expenses Deduction
Educator Expenses Deduction
Other Dependent Credit
For Jeffrey I have
Mortgage Interest Deduction
Charitable Donations Deduction
Student Loan Interest Deduction
I have no credits so far for Jeffrey
Am I missing any based on the below information?
Client 1:
Ji Bao is a single father with one son, Christian, who has lived with him all year. Ji was unmarried at the end of the year. He has full custody of Christian. Ji works at the local hardware store as a retail manager. He also worked part time at the library for several months during the summer and as a server on the weekends.
Client 1 Details
Ji provides receipts for co-pays paid to his doctor totaling $10,550 for the year.
Ji provides Form 1098 reporting $7,685 in mortgage interest and $2,320 in mortgage insurance premiums for his primary residence.
Ji reports paying $1,985 in real estate taxes for the year on his primary residence.
Je provides a statement from his local church for cash contributions of $3,000 for the year.
Ji provides receipts for his son's school uniforms totaling $500 for the year.
The general sales tax paid was $1,116.
Alexander and Susan Lawson are married and have no children. Susan's mother, Ana Alvarez, had been living in their care for over three years since she was no longer able to care for herself on her own. Ana is a U.S. permanent resident and earns no income in the United States or abroad. Both Alexander and Susan are teachers at the local elementary school. Alexander teaches 4th grade and Susan teaches 1st grade. They are active participants in the school's after-care program and summer camp.
Client 2 Details
They provide Form 1098 reporting $6,805 in mortgage interest and $2,199 in mortgage insurance premiums for their primary residence.
They report paying $3,355 in real estate taxes for the year on their primary residence.
They paid $600 toward co-pays for Ana's visits to the doctor.
Alexander provided receipts of $1,010 for books, supplies, and supplementary materials for his classroom.
Susan provided receipts of $495 for books, supplies, and supplementary materials for her classroom.
General sales tax paid was $964.
Jeffrey and Rosemarie are separated and have chosen not to file their tax returns together for the current year. They are living in separate residences as of early this year. Rosemarie informed Jeffrey that she will be itemizing her deductions on her tax return for this tax year.
Client 3 Details
Jeffrey received $100 from a certificate of deposit as interest income.
Jeffrey provided Form 1098 reporting $8,150 in mortgage interest and $7,520 in real estate taxes for his primary residence.
Jeffrey noted that he was able to pay off the mortgage on his secondary home used as a vacation home at the end of last year, so he does not have a Form 1098 any longer on that property, but he paid real estate taxes of $2,566.
Jeffrey provided Form 1098-E reporting student loan interest paid of $8,530.
Jeffrey provided the following additional information: He spent $2,600 on uniforms for his job as a nurse, $750 in non-cash contributions, $1,500 in charitable contributions, and $400 for tax preparation fees from the prior year. The non-cash items donated included clothing, old electronics, and other household items valued at thrift-store prices of $750 on 5/20/21 when they were donated to Goodwill at 3301 Nationway, Cheyenne, WY 82001.
The general sales tax paid was $433.
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