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What amount should you deduct on your tax return

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Question

You are a homeowner, with a mortgage interest of $30,900, Property taxes of $11,500 and charitable contributions of $14,000. According to your filing status, a standard deduction of $12,550 is allowed. You also live in NJ, so SALT will affect you if you choose to itemize your taxes. What amount should you deduct on your tax return?

Reference no: EM133272669

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