Allen, an unmarried taxpayer filing single, has no dependents and reports the following items on his 2019 federal income tax return Adjusted gross income $82,450 Taxable income 47,950 Regular tax liability 6,408 Tax preferences 20,000 Itemized deductions including Charitable contributions 7,500 Med...

a State and local taxes are limited to a maximum 10000 itemized deduction for regular t ...

Allen, an unmarried taxpayer filing single, has no dependents and reports the following items on his 2019

Allen, an unmarried taxpayer filing single, has no dependents and reports the following items on his 2019 federal income tax return:

Adjusted gross income	$82,450
Taxable income	47,950
Regular tax liability	6,408
Tax preferences	20,000
Itemized deductions including:
Charitable contributions	7,500
Medical expenses (before AGI floor)	10,000
Mortgage interest on personal residence	10,000
State income taxes	5,000
Real estate taxes (before limitations)	8,000