Xinran, who is married and files a joint return, owns a grocery store. In 2022 , his gross sales were $276,000 and his operating expenses were $320,000 . Other items on his 2022 return were as follows: Nonbusiness capital gains (short -term) $ 20,000 Nonbusiness capital losses (long- term) 9,000 Itemized deductions18,000 Ordinary nonbusiness income 8,000 Salary from part-time job ( spouse)10,000 In 2023, Xinran provides the following Information: Net business income $ 60,000 Salary (spouse ) 25,000 Interest income 2,000 Adjusted gross income $87,000 LessItemized deductions Charitable contributions (cash) $ 35,000 Medical expenses of $6,925 limited to the amount in excess of 7.5of ($6,925-$6,525)) 400 Total itemized deductions $ 35,400 The 2022 married filing jointly standard deduction is $25,900; Xinran's itemized deductions will exceed the 2023 standard deduction (after adjustment for inflation ).