Logan B$.$ Taylor is a widower whose spouse, Sara, died on June $6,2021.$ He lives at $4680$ Dogwood Lane, Springfield, MO $65801.$ He is employed as a paralegal by a local law firm. During $2023,$ he had the following receipts:

Salary $ $80,000$

Interest income$$

Money market account at Omni Bank $$300$

Savings account at Boone State Bank $1,100$

City of Springfield general purpose bonds $3,0004,400$

Inheritance from Daniel $60,000$

Life insurance proceeds $200,000$

Proceeds from sale of Insight, Inc. stock $80,000$

Proceeds from estate sale $9,000$

Federal income tax refund $($for $2021$ tax overpayment$)700$

Logan inherited securities worth $$60,000$ from his uncle, Daniel, who died in $2022.$ Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $$200,000.$ Logan purchased $500$ shares of Insight, Inc. stock on May $2,2018,$ for $$85,000$; he held the stock as an investment. He sold the stock on January $5,2023,$ for $$80,000.$ The estate sale consisted largely of items belonging to Sara and Daniel $($e$.$g$.,$ camper, boat, furniture, and fishing and hunting equipment$).$ Logan estimates that the property sold originally cost at least twice the $$9,000$ he received and has declined or stayed the same in value since Sara and Daniel died.

Logan's expenditures for $2023$ include the following:

Medical expenses $($including $$10,500$ for dental$)$ $$13,500$

Taxes$$

State of Missouri income tax $($includes withholdings during $2023)$ $$4,200$

Property taxes on personal residence $4,5008,700$

Interest on home mortgage $($Boone State Bank$)5,600$

Contribution to church $($paid pledges for $2023$ and $2024)7,200$

While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a deductible, and dental care is not included. The $$10,500$ dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him $($see below$).$ Logan normally pledges $$3,600($$$300$ per month$)$ each year to his church. On December $5,2023,$ upon the advice of his pastor, he prepaid his pledge for $2024.$

Logan's household, all of whom he supports, includes the following:

Social Security Number Birth Date

Logan Taylor $($age $48)123-45-678708/30/1975$

Helen Taylor $($age $70)123-45-678001/13/1953$

Asher Taylor $($age $23)123-45-678307/18/2000$

Mia Taylor $($age $22)123-45-678402/16/2001$

Helen receives a modest Social Security benefit. Asher, a son, is a full$-$time student in dental school and earns $$5,300$ as a part$-$time dental assistant. Mia, a daughter, does not work and is engaged to be married.

Federal income tax of $$3,900$ was withheld from his wages.

Required:

Compute Logan's income tax for $2023.$ If Logan has any overpayment on his income tax, he wants the refund sent to him. Assume that the proper amounts of Social Security and Medicare taxes were withheld. Logan does not own and did not use any digital assets during the year, and he does not want to contribute to the Presidential Election Campaign Fund.

Make realistic assumptions about any missing data.

Enter all amounts as positive numbers except any losses. Use the minus sign to indicate a loss.

If an amount box does not require an entry or the answer is zero, enter $"0".$

It may be necessary to complete the other tax schedules before completing Form $1040.$

Use the included tax rate schedules to compute the tax. When computing the tax liability, do not round your immediate calculations. If required, round your final answers to the nearest dollar.