Calculate jeffs itemized deductions after considering

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Reference no: EM13905910

In 2015, Jeff, who is single, is entitled to the following deductions before phase-outs:

State income taxes	$7,850
Real estate taxes	1,900
Home mortgage interest	8,200
Charitable contributions	1,700

a) Assume that Jeff's AGI is $280,000. Calculate Jeff's itemized deductions after considering the overall phase-out of itemized deductions.

b) Suppose that Jeff's AGI increases to $1,280,000. Calculate Jeff's itemized deductions after considering the overall phase-out of itemized deductions.

Reference no: EM13905910

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