In 2018, John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as
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In 2018, John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. John's social security number is 412-34-5670 (date of birth 5/12/1980), and Shannon’s is 412-34-5671 (date of birth 11/3/1980). John and Shannon had qualifying health care coverage at all times during the tax year.
John’s W-2 contained the following information:
| Wages (box 1) | = | $ | 66,346.74 |
| Federal W/H (box 2) | = | $ | 6,583.85 |
| Social security wages (box 3) | = | $ | 66,346.74 |
| Social security W/H (box 4) | = | $ | 4,113.50 |
| Medicare wages (box 5) | = | $ | 66,346.74 |
| Medicare W/H (box 6) | = | $ | 962.03 |
Shannon did not work for the year due to her medical condition but did receive unemployment compensation of $2,711 for the year with no federal withholding. In the same year, they had the following medical costs:
| Shannon’s prescribed diabetes medication | $ | 2,150 | |
| Shannon’s hospital charges | 8,350 | ||
| Shannon’s regular physician visits | 835 | ||
| Shannon’s eye doctor | 75 | ||
| Shannon’s diabetes blood testing supplies | 185 | ||
| Insurance reimbursements | 1,910 | ||
In addition, they had the following other expenses:
| State income taxes | $ | 2,950 | |
| Real estate taxes | 1,170 | ||
| Car loan interest | 500 | ||
| Personal property taxes | 265 | ||
| Cash charitable contributions | 635 | ||
| (made ratably throughout the year to their church) | |||
| Mortgage interest expense | 7,970 | ||
| Union dues for John | 575 | ||
| Tax preparation fees | 175 | ||
Prepare a Form 1040 and Schedule A for the O'Banions using any appropriate worksheets.
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