You (a young person) bought a house in 2004 for $150,000. Sadly, you suffered an injury in 2020. Your doctor prescribes water aerobics as your therapy and prescribes building a pool. You spend $31,000 to build the pool. Because you built the pool your house now appraises for $165,000. Assume all of your other injury related costs were covered by your health insurance, which you pay (after-tax) $4,400 a year for. If your 2020 AGI is $200,000, what is your allowable medical expense deduction?

		$0
		$35,400
		$20,400
		$5,400
		$400

In 2020 you had the following tax items: $5,000 state income taxes paid, $4,500 state sales taxes paid, $4,700 in property taxes, $500 in ad valorem taxes on your car. How much should you claim on your itemized deductions for state and local taxes?

		$9,700
		$14,700
		$10,200
		$10,000
		$9,200

Meg (single taxpayer) pays $1,900 in student loan interest. Her AGI is $77,000. What is her For AGI student loan deduction?

		$1,900
		$887
		$0
		$1,013

A taxpayer is moving across the country in 2020 when his UHaul moving truck is stolen. His belongs had a basis of around $35,000. FMV is tough to calculate, but he spent around $28,000 replacing the lost items in his new home. Speaking of which, his new home was destroyed a month later in an earthquake. A federal disaster area was declared for the earthquake. The basis of the home was $100,000 and since it was just purchased the FMV of the home was also $100,000. The insurance reimbursement was $90,000 for the items destroyed in the earthquake. There was no insurance reimbursement for the theft. Before the AGI limitation, what is the taxpayers casualty loss amount? (Include the per event limitation.)

		$37,800
		$45,000
		$10,000
		$44,800
		$9,900

Tommy, a married taxpayer, operates a retail business as a sole proprietor. The business has three employees who are paid a total of $120,000 during 2020. Assume that the business has no significant assets. During 2020, the business generates $370,000 of income, and his taxable income before the QBI deduction is $475,000. What is Tommy's deduction for QBI?

		$0
		$74,000
		$60,000
		$14,000
		$95,000

Jane, a single taxpayer, operates a farm as a sole proprietor. The farm has two employees who are paid a total of $40,000 during 2018. Assume that the business has no significant assets. During 2020, the business generates $130,000 of income, and her taxable income before the QBI deduction is $175,000. What is Jane's deduction for QBI?

		$26,000
		$20,000
		$24,596
		$18,596
		$25,298