Calculate Linda allowable itemized deductions for the year

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Question - Linda, who files as a single taxpayer, had AGI of $280,000 for 2019. She incurred the following expenses and losses during the year:

Medical expenses (before the 10%-of-AGI limitation) $33,000

State and local income taxes 4,800

State sales tax 1,300

Real estate taxes 6,000

Home mortgage interest 5,000

Automobile loan interest 750

Credit card interest 1,000

Charitable contributions 7,00

Casualty loss (before 10% limitation but after $100 floor; not in a Federally declared disaster area) 34,000

Unreimbursed employee business expenses 7,600

Required - Calculate Linda's allowable itemized deductions for the year.

Reference no: EM132642514

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