Question

# Evan is single and has AGI of \$277,300 in 2019. His potential itemized deductions before any...

Evan is single and has AGI of \$277,300 in 2019. His potential itemized deductions before any limitations for the year total \$52,300 and consist of the following:

 Medical expenses (before the AGI limitation) \$29,000 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? If required, round the medical deduction to the nearest dollar and use the rounded amount in subsequent computations.

Evan's total itemized deduction is \$

 Answer Solution: Computation of itemized deduction that Evan may claim: Medical expenses (\$29,000-\$2,77,300*7.5%) \$         8,203 Interest on home mortagage \$         8,700 State income taxes Capped @ \$10,000 \$       10,000 Charitable contributions \$         2,500 Evan's total itemized deduction is \$       29,403 Therefor, Evan's total itemized deduction is \$29,403 Please Like

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