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 mortgage8,700 state income taxes9,500 real estate taxes3,600 charitable contributions2,500 after all necessary adjustments are made, what is the amount of itemized deductions evan may claim? do not round intermediate calculations. round medical deduction and final answer to the nearest dollar.

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22-11-2022
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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 mortgage8,700 state income taxes9,500 real estate taxes3,600 charitable contributions2,500 after all necessary adjustments are made, what is the amount of itemized deductions evan may claim? do not round intermediate calculations. round medical deduction and final answer to the nearest dollar.

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KirtiVT4 KirtiVT4 · Answer 1 · 2022-11-30T07:16:37+01:00

Evan may claim a total of $24,033 in Itemized Deductions. Although the total potential itemized deduction was $52,300, this was restricted to $24,033.

What are the Deductions?

Medical and dental insurance, 401(k) retirement plans (for federal and most state income taxes), and group term life insurance are all pre-tax deductions. Federal and state income taxes, FICA taxes, and wage garnishments are all required deductions. Post-tax deductions include garnishments, charity contributions, and Roth IRA retirement plans.

Round intermediate calculations. round medical deduction and final answer to the nearest dollar. may claim a total of $24,033 in Itemized Deductions. Although the total potential itemized deduction was $52,300, this was restricted to $24,033.

Therefore, Evan may claim a total of $24,033 in Itemized Deductions. Although the total potential itemized deduction was $52,300

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