Note This problem is for the 2023 tax year 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 80000 Interest income Money market account at Omni Bank 300 Savings account at Boone State Bank 1100 City of Springfield general purpose bonds 3000 4400 Inheritance from Daniel 60000 Life insurance proceeds 200000 Proceeds from sale of Insight Inc stock 80000 Proceeds from estate sale 9000 Federal income tax refund for 2021 tax overpayment 700 Logan inherited securities worth 60000 from his uncle Daniel who died in 2022 Logan also was the designated beneficiary of an insurance policy on Daniels life with a maturity value of 200000 Logan purchased 500 shares of Insight Inc stock on May 2 2018 for 85000 he held the stock as an investment He sold the stock on January 5 2023 for 80000 The estate sale consisted largely of items belonging to Sara and Daniel eg camper boat furniture and fishing and hunting equipment Logan estimates that the property sold originally cost at least twice the 9000 he received and has declined or stayed the same in value since Sara and Daniel died Logans expenditures for 2023 include the following Medical expenses including 10500 for dental 13500 Taxes State of Missouri income tax includes withholdings during 2023 4200 Property taxes on personal residence 4500 8700 Interest on home mortgage Boone State Bank 5600 Contribution to church paid pledges for 2023 and 2024 7200 While Logan and his dependents are covered by his employers health insurance policy he is subject to a deductible and dental care is not included The 10500 dental charge was for Helens implants Helen is Logans widowed mother who lives with him see below Logan normally pledges 3600 300 per month each year to his church On December 5 2023 upon the advice of his pastor he prepaid his pledge for 2024 Logans household all of whom he supports includes the following Social Security Number Birth Date Logan Taylor age 48 123456787 08301975 Helen Taylor age 70 123456780 01131953 Asher Taylor age 23 123456783 07182000 Mia Taylor age 22 123456784 02162001 Helen receives a modest Social Security benefit Asher a son is a fulltime student in dental school and earns 5300 as a parttime dental assistant Mia a daughter does not work and is engaged to be married Federal income tax of 3900 was withheld from his wages Required Compute Logans 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