Calculate linda total itemized deductions

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Reference no: EM131840200

Problem - Linda, who is a head of household with one dependent, had AGI of $150,000 for 2012. She incurred the following expenses and losses during the year:

Medical expenses before the 7.5%-of-AGI limitation: $20,000

State and local income taxes: 4,500

State sales tax: 1,300

Real estate taxes: $4,000

Home mortgage interest: $4,500

Credit card interest: $1,000

Charitable contributions: $5,000

Casualty loss before 10% limitation (after $100 floor): $20,000

Unreimbursed employee expenses subject to the 2%-of-AGI limitation: $5,000

Calculate Linda's total itemized deductions.

Reference no: EM131840200

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