Haley Thomas has adjusted gross income of $40,000.She paid $4,700 in property taxes during the year.How much of the tax can she include as an itemized deduction?

Question

Quizplus · Accepted Answer

The full amount of $4,700 in property taxes paid can be included as an itemized deduction on Haley Thomas's tax return, as there is no limit on the amount of property taxes that can be deducted.

Haley Thomas Has Adjusted Gross Income of $40,000