Question

# Emberlee is single and has AGI of \$277,300 in 2020. Her potential itemized deductions before any...

Emberlee is single and has AGI of \$277,300 in 2020. Her potential itemized deductions before any limitations for the year total \$52,300 and consist of the following things:

Medical expenses before 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 Emberlee may claim?

As the tax year 2020

 From 2020 (7.5%) Year 2020 Medical expenses(\$29,000)-(\$277,300×7.5%) Interest on home mortgage State income taxes & real easte taxes(capped at 10000) Charitable contributions \$8203 \$8700 \$10,000 \$2500 Total itemized deductions \$29,403

As it is not clear, which specific year should be required to calculate

From 2019(10%)

Medical expenses(\$29,000)-(277,300×10%) = \$ 1270

Int on home mortgage. = \$ 8700

Income taxes(states&real estate) = \$ 10,000

Charitable contributions. = \$ 2500

Total itemized deductions. = \$ 22,470

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