In the current year, Maria paid the following taxes: Special assessment to provide local benefits $2,500 County real estate taxes paid on her vacation home 1,250 Sales taxes paid when she purchased a new auto 900 Personal property taxes paid to her local government 350.

What amount is allowable as an itemized deduction for the current year?

Answer rating: 100% (QA)

To determine the allowable itemized deduction for taxes paid we need to consider which taxes are ded... View the full answer