Question: Debbie is single and 4 5 . She has no children. She owns a house and has interest payments this year totaling $ 1 5

Debbie is single and 45. She has no children. She owns a house and has interest payments this year totaling $15,000. She has state taxes of $2500 and her income is $65,000. She also donate $500 worth of items to Goodwill. Should Debbie take the standard deduction or file schedule A and file itemized deductions? Why?
 Debbie is single and 45. She has no children. She owns

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!