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What is the higher of the itemized or standard deduction

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Reference no: EM132827895

osh and Allie are married and they paid the following amounts in 2020:

Unreimbursed medical expenses of $3,800
State income taxes of $6,500
County real estate tax of $4,250
Charitable contributions in cash to church of $6,250
Mortgage interest of $9,350 on their principal residence that they bought for $400,000.

Problem 1: What is the higher of their itemized or standard deduction in 2020?

Group of answer choices

Option 1: $30,150

Option 2: $25,600

Option 3: $24,800

Option 4: $26,350

Reference no: EM132827895

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