Evan is single and has AGI of $277,300 in 2021. His potential itemized deductions before any limitations

Question:

Evan is single and has AGI of $277,300 in 2021. His potential itemized deductions before any limitations for the year total $52,300 and consist of the following:

Medical expenses (before the 7.5%-of-AGI limitation) ................................    $31,000

Interest on home mortgage ..............................................................................      8,700

State income taxes ..............................................................................................      9,500

Real estate taxes .................................................................................................       3,600

Charitable contributions ...................................................................................        2,500

After all necessary adjustments are made, what is the amount of itemized deductions Evan may claim?  

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

South-Western Federal Taxation 2022 Individual Income Taxes

ISBN: 9780357519073

45th Edition

Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman

Question Posted: