Reference no: EM132568615
Tony, age 60, is divorced. He earned $80,000 at his job where he is not an active participant in a retirement plan. Tony had the following:
$4,000 contribution to a traditional IRA
$8,000 cash contribution to his church
$18,000 paid in mortgage interest on his home
$7,000 paid in real property tax
$16,000 paid for medical expenses
$4,000 was withheld from his salary for state income taxes
Question 1: How much may Tony deduct for itemized deductions?