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Tito and Tessa have gathered all the information to file their joint 2022 income tax return. They calculated their total income to be $95,000. Adjustments to income total $15,000. Their itemized deductions total $17,000. Tessa's employer withheld $6,700 federal income tax from her paychecks over the year.
1. Total Income = $95,000.
2. Adjustments to income = $15,000.
3. Adjusted Gross Income = $95,000 - $15,000 = $80,000.
In step 4 of the calculation flow, we consider both the itemized and the standard deductions.
First, what's the total of their itemized deductions?
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