Reference no: EM132529823
Question - Stacey files as head of household with two dependents. She has AGI of $123,000 for 2019. She incurred the following expenses and losses during the year:
Medical expenses before the 10%-of-AGI limitation $15,575
State and local income taxes 7,200
State sales tax 1,400
Real estate taxes 2,800
Home mortgage interest 5,900
Credit card interest 1,100
Charitable contribution 2,400
Casualty loss before 10% limitation (after $100 floor; not in a Federally declared disaster area) 8,300
Unreimbursed employee expenses 5,500
Required - Calculate Stacey's allowable itemized deductions for the year.
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