Chapter 10-Itemized Deductions Print this sheet If desired. Identify the personalexpenses isted below that qualify asan itemized deduction. Identify any item qualfying as an itemized deduction that comes with added stipulations (e.g. AGI limit,cap). Gym membership City income tax Rent Home equity interest Vet bill Insulin Parking at doctor Mileage to doctor FICA taxes Bus pass to get to work Air conditioner Sales tax Interest on credit card Food to homeless man Hunting license Baby formula Funeralexpenses Realestate taxes Eyeglasses Student loan interest Interest on car loan Tuition at school for blind Silent auction purchase Uniform for job atcharity event Contacts Nose job Root canal Foreign income tax Federal income tax Interest on sailboat loan Alcohol rehab Turbo tax to prepreturn Hearing Aid Boy Scout popcorn Parochial school tuition Wheelchair ramp Country club dues Interest on home loan Nyquil KSU basketbal seats season ticket seat fee Cholesterol check Self-employed health insurance Personal property taxes City assessment for sidewalk repair Cash to United Way Investment interest University tuition Safe deposit box Vitamins Band-Aids Gambling losses Old clothes to Goodwill Painting to art museum License plate renewal Points on home loan Long-term care insurance Centralair for house Bookkeeping services (ie HEPAfilter for house your time) donated to church Car Insurance Gift to son's teacher Artwork donated to United Way Replace roof after hurricane Daycare not covered by insurance FACTS: Carl and Annette Lewis have had a very busy and expensive year. Annette gave birth to twins in July. She will be returning to work when the twins are two years old. Carl had been self-employed, but recently began working for a local IT firm due to the stress of running his own business. The job is flexible and the pay is good, but he is required to be on call every other weekend. So he invested in some technology to make connecting to customers from home easier. They've provided you this listing of expenses that they believe you need in order to properly calculate their itemized deductions. Their anticipated adjusted gross income is $80,000. REQUIREMENTS: Calculate the total itemized deductions for Annette and Carl Lewis Carl and Annette Lewis Itemized Expense Details Description Prescription medications License plates for cars Baby first aid kits City income tax Tax preparation fess Cash to United Way Student loan interest Hospital bill for birth Interest on home mortgage Sales taxes Contacts Hunting license Points Tummy tuck Job hunting costs State income tax Self-employed medical insurance Real estate taxes on home Real estate taxes on mom's home Miles driven to medical appts Stock to KSU Stock to KSU Stock to KSU Dental cleanings Equipment for work Teeth X-rays Cavity filling Self-employment tax Build website for church Home equity interest Gym membership Yoga class Fetal heart rate monitor City assessment for tree lawn care Charity dinner Home equity interest Silent auction Credit card interest Gambling losses Silent auction Investment interest University season tickets Federal income tax Amount Additional Details $ 800 $ 100 two cars, one year tags and registration for each $ 200 includes infant medications and hygiene products $ 1,200 $ 750 amount paid to CPA to file $ 1,000 $ 3,500 $ 8,000 $2000 paid from HSA balance paid from savings $ 7,000 balance of loan is $250,000, reported on 1098 $ 1,800 $ 500 $ 150 $ 2,500 refinanced 7/1/19, new loan 15 year fixed, not on 1098 $ 10,000 surgery after delivery of twins to get back to old self $ 1,000 resume, recruiter etc. paid by Carl during job search $ 7,600 $ 12,000 purchased when Carl had his own business, now provided $ 5,000 $ 3,000 she was in hospital so Carl paid her taxes on due date 1,325 total miles driven, including trips to specialist far away $ 1,000 purchased 1/2019 for $700. donated 12/2019 worth $1000 $ 5,000 purchased 1/2001 for $500, donated 12/2019 worth $5000 $ 1,000 purchased 1/2001 for $1000, donated 12/2019 worth $200 $ 200 $ 1,800 new computer equipment used when working from home $ 200 $ 300 $ 8,400 for period when Carl owned his own business $ 2,500 based on hourly rate of $500/hr., donated 5 hours of time $ 500 used to pay down credit cards and car loan, reported on 1098 $ 1,200 to remain fit and active during and after pregnancy $ 500 to relieve stress and pain from working at desk job $ 200 to listen to babies' heartbeats $ 500 $ 500 two tickets, $250 each included dinner valued at $50 each $ 800 used to pay for addition of nursery, reported on 1098 $ 4,000 high bid for trip to Maui valued at $2,500 $ 800 $ 200 total gambling winnings were $100 $ 400 donated wine basket purchased for $400, sold for $600 $ 700 investment income is $100 $ 2,500 $500 is cost of seats for season, remainder is game tickets $ 10,000 Chapter 10-Itemized Deductions Print this sheet If desired. Identify the personalexpenses isted below that qualify asan itemized deduction. Identify any item qualfying as an itemized deduction that comes with added stipulations (e.g. AGI limit,cap). Gym membership City income tax Rent Home equity interest Vet bill Insulin Parking at doctor Mileage to doctor FICA taxes Bus pass to get to work Air conditioner Sales tax Interest on credit card Food to homeless man Hunting license Baby formula Funeralexpenses Realestate taxes Eyeglasses Student loan interest Interest on car loan Tuition at school for blind Silent auction purchase Uniform for job atcharity event Contacts Nose job Root canal Foreign income tax Federal income tax Interest on sailboat loan Alcohol rehab Turbo tax to prepreturn Hearing Aid Boy Scout popcorn Parochial school tuition Wheelchair ramp Country club dues Interest on home loan Nyquil KSU basketbal seats season ticket seat fee Cholesterol check Self-employed health insurance Personal property taxes City assessment for sidewalk repair Cash to United Way Investment interest University tuition Safe deposit box Vitamins Band-Aids Gambling losses Old clothes to Goodwill Painting to art museum License plate renewal Points on home loan Long-term care insurance Centralair for house Bookkeeping services (ie HEPAfilter for house your time) donated to church Car Insurance Gift to son's teacher Artwork donated to United Way Replace roof after hurricane Daycare not covered by insurance FACTS: Carl and Annette Lewis have had a very busy and expensive year. Annette gave birth to twins in July. She will be returning to work when the twins are two years old. Carl had been self-employed, but recently began working for a local IT firm due to the stress of running his own business. The job is flexible and the pay is good, but he is required to be on call every other weekend. So he invested in some technology to make connecting to customers from home easier. They've provided you this listing of expenses that they believe you need in order to properly calculate their itemized deductions. Their anticipated adjusted gross income is $80,000. REQUIREMENTS: Calculate the total itemized deductions for Annette and Carl Lewis Carl and Annette Lewis Itemized Expense Details Description Prescription medications License plates for cars Baby first aid kits City income tax Tax preparation fess Cash to United Way Student loan interest Hospital bill for birth Interest on home mortgage Sales taxes Contacts Hunting license Points Tummy tuck Job hunting costs State income tax Self-employed medical insurance Real estate taxes on home Real estate taxes on mom's home Miles driven to medical appts Stock to KSU Stock to KSU Stock to KSU Dental cleanings Equipment for work Teeth X-rays Cavity filling Self-employment tax Build website for church Home equity interest Gym membership Yoga class Fetal heart rate monitor City assessment for tree lawn care Charity dinner Home equity interest Silent auction Credit card interest Gambling losses Silent auction Investment interest University season tickets Federal income tax Amount Additional Details $ 800 $ 100 two cars, one year tags and registration for each $ 200 includes infant medications and hygiene products $ 1,200 $ 750 amount paid to CPA to file $ 1,000 $ 3,500 $ 8,000 $2000 paid from HSA balance paid from savings $ 7,000 balance of loan is $250,000, reported on 1098 $ 1,800 $ 500 $ 150 $ 2,500 refinanced 7/1/19, new loan 15 year fixed, not on 1098 $ 10,000 surgery after delivery of twins to get back to old self $ 1,000 resume, recruiter etc. paid by Carl during job search $ 7,600 $ 12,000 purchased when Carl had his own business, now provided $ 5,000 $ 3,000 she was in hospital so Carl paid her taxes on due date 1,325 total miles driven, including trips to specialist far away $ 1,000 purchased 1/2019 for $700. donated 12/2019 worth $1000 $ 5,000 purchased 1/2001 for $500, donated 12/2019 worth $5000 $ 1,000 purchased 1/2001 for $1000, donated 12/2019 worth $200 $ 200 $ 1,800 new computer equipment used when working from home $ 200 $ 300 $ 8,400 for period when Carl owned his own business $ 2,500 based on hourly rate of $500/hr., donated 5 hours of time $ 500 used to pay down credit cards and car loan, reported on 1098 $ 1,200 to remain fit and active during and after pregnancy $ 500 to relieve stress and pain from working at desk job $ 200 to listen to babies' heartbeats $ 500 $ 500 two tickets, $250 each included dinner valued at $50 each $ 800 used to pay for addition of nursery, reported on 1098 $ 4,000 high bid for trip to Maui valued at $2,500 $ 800 $ 200 total gambling winnings were $100 $ 400 donated wine basket purchased for $400, sold for $600 $ 700 investment income is $100 $ 2,500 $500 is cost of seats for season, remainder is game tickets $ 10,000