Made charitable contributions

Assignment Help Financial Accounting

Reference no: EM131268009

Jeff and Judee are a married couple both in their 40’s with two dependent sons. Their salaries total $105,000. They have a capital loss of $7,000 and tax-exempt interest income of $600. They paid home mortgage interest of $13,000, state income taxes of $3,500, and medical expenses of $10,000, and the made charitable contributions of $7,000 for tax year 2015.

Compute itemized deductions:

Medical expenses

Home Mortgage Interest

State Income Taxes

Charitable Contributions

Total Itemized Deductions:_____________________

Reference no: EM131268009

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