George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2019. $$\begin{array} { l r }
\text { Medical expenses (before 10\%-of-AGI floor) } & \$ 35,000 \
\text { Interest on home mortgage } & 15,500 \
\text { State income tax } & 7,500 \
\text { State sales tax } & 4,500 \
\text { Real estate tax } & 8,600 \
\text { Charitable contribution } & 6,500
\end{array}$$ What is the amount of itemized deductions George may claim?

Question

George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2019. $$\begin{array} { l r } 
\text { Medical expenses (before 10\%-of-AGI floor) } & \$ 35,000 \
\text { Interest on home mortgage } & 15,500 \
\text { State income tax } & 7,500 \
\text { State sales tax } & 4,500 \
\text { Real estate tax } & 8,600 \
\text { Charitable contribution } & 6,500
\end{array}$$ What is the amount of itemized deductions George may claim?

Quizplus · Accepted Answer

The Answer of George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2019. $$\begin{array} { l r } 
\text { Medical expenses (before 10\%-of-AGI floor) } & \$ 35,000 \
\text { Interest on home mortgage } & 15,500 \
\text { State income tax } & 7,500 \
\text { State sales tax } & 4,500 \
\text { Real estate tax } & 8,600 \
\text { Charitable contribution } & 6,500
\end{array}$$ What is the amount of itemized deductions George may claim?

George Is Single and Age 56, Has AGI of $265,000