SCHEDULE A (Form 1040) Department of the Treasury Itemized Deductions Attach to Form 1040 or 1040-SR....

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SCHEDULE A (Form 1040) Department of the Treasury Itemized Deductions Attach to Form 1040 or 1040-SR. Go to www.irs.gov/ScheduleA for instructions and the latest information. Internal Revenue Service Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Name(s) shown on Form 1040 or 1040-SR OMB No. 1545-0074 2023 Attachment Sequence No. 07 Your social security number Medical and 1 Caution: Do not include expenses reimbursed or paid by others. Medical and dental expenses (see instructions) Dental 2 Enter amount from Form 1040 or 1040-SR, line 11 2 Expenses 3 Multiply line 2 by 7.5% (0.075) Taxes You Paid Interest You Paid Caution: Your mortgage interest deduction may be limited. See instructions. 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- 5 State and local taxes. a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box . . b State and local real estate taxes (see instructions) c State and local personal property taxes d Add lines 5a through 5c e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) . 6 Other taxes. List type and amount: 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box a Home mortgage interest and points reported to you on Form 1098. See instructions if limited . . b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address.. 3 5a 5b 5c 5d 8 5e 8a 8b 7 c Points not reported to you on Form 1098. See instructions for special rules.. 8c d Reserved for future use 8d e Add lines 8a through 8c 8e 9 Investment interest. Attach Form 4952 if required. See instructions 10 Add lines 8e and 9.. 9 10 Gifts to Charity 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions .. 11 Caution: If you 12 made a gift and got a benefit for it, Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 12 see instructions. 13 Carryover from prior year 13 14 Add lines 11 through 13. 14 Casualty and 15 Theft Losses Other Itemized Deductions Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions. 15 16 Other-from list in instructions. List type and amount: 16 Total Itemized 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 or 1040-SR, line 12. 17 Deductions 18 If you elect to itemize deductions even though they are less than your standard deduction, check this box For Paperwork Reduction Act Notice, see the Instructions for Form 1040. Cat. No. 17145C Schedule A (Form 1040) 2023 Extra Credit Assignment - Itemized Deductions (4 points) Required: Facts: Use the following information to complete a Schedule of Itemized Deductions (Schedule A) for Joey and Suzy Apples. The couple's filing status is married filing jointly. The following information relates to 2023: . . Joey's Social Security number is 546-87-9876. Suzy's SS number is 342-25-2821. Their Adjusted Gross Income (AGI) is $70,000. During the year, they incurred the following unreimbursed medical and dental expenses: Prescription medication - $800 Payments to medical and dental providers - $1,100 Expenses for cosmetic surgery - $2,500 Costs of Joey's stay at hospital for two weeks - $4,500 State and local income taxes withheld during 2023 - $6,000 Local real estate taxes on their personal residence - $10,000 Interest paid on their home mortgage - $3,500 Interest paid on their personal auto loan - $1,000 Contributions of money to their church - $200 Contribution of money to Drexel University - $500. Tickets to Drexel basketball game received in exchange for this contribution: Fair Market Value of tickets = $20. They paid Jones, Jones, and Smith CPA firm $300 to prepare their 2022 tax returns. Joey incurred gambling losses of $2,000. SCHEDULE A (Form 1040) Department of the Treasury Itemized Deductions Attach to Form 1040 or 1040-SR. Go to www.irs.gov/ScheduleA for instructions and the latest information. Internal Revenue Service Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Name(s) shown on Form 1040 or 1040-SR OMB No. 1545-0074 2023 Attachment Sequence No. 07 Your social security number Medical and 1 Caution: Do not include expenses reimbursed or paid by others. Medical and dental expenses (see instructions) Dental 2 Enter amount from Form 1040 or 1040-SR, line 11 2 Expenses 3 Multiply line 2 by 7.5% (0.075) Taxes You Paid Interest You Paid Caution: Your mortgage interest deduction may be limited. See instructions. 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- 5 State and local taxes. a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box . . b State and local real estate taxes (see instructions) c State and local personal property taxes d Add lines 5a through 5c e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) . 6 Other taxes. List type and amount: 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box a Home mortgage interest and points reported to you on Form 1098. See instructions if limited . . b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address.. 3 5a 5b 5c 5d 8 5e 8a 8b 7 c Points not reported to you on Form 1098. See instructions for special rules.. 8c d Reserved for future use 8d e Add lines 8a through 8c 8e 9 Investment interest. Attach Form 4952 if required. See instructions 10 Add lines 8e and 9.. 9 10 Gifts to Charity 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions .. 11 Caution: If you 12 made a gift and got a benefit for it, Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 12 see instructions. 13 Carryover from prior year 13 14 Add lines 11 through 13. 14 Casualty and 15 Theft Losses Other Itemized Deductions Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions. 15 16 Other-from list in instructions. List type and amount: 16 Total Itemized 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 or 1040-SR, line 12. 17 Deductions 18 If you elect to itemize deductions even though they are less than your standard deduction, check this box For Paperwork Reduction Act Notice, see the Instructions for Form 1040. Cat. No. 17145C Schedule A (Form 1040) 2023 Extra Credit Assignment - Itemized Deductions (4 points) Required: Facts: Use the following information to complete a Schedule of Itemized Deductions (Schedule A) for Joey and Suzy Apples. The couple's filing status is married filing jointly. The following information relates to 2023: . . Joey's Social Security number is 546-87-9876. Suzy's SS number is 342-25-2821. Their Adjusted Gross Income (AGI) is $70,000. During the year, they incurred the following unreimbursed medical and dental expenses: Prescription medication - $800 Payments to medical and dental providers - $1,100 Expenses for cosmetic surgery - $2,500 Costs of Joey's stay at hospital for two weeks - $4,500 State and local income taxes withheld during 2023 - $6,000 Local real estate taxes on their personal residence - $10,000 Interest paid on their home mortgage - $3,500 Interest paid on their personal auto loan - $1,000 Contributions of money to their church - $200 Contribution of money to Drexel University - $500. Tickets to Drexel basketball game received in exchange for this contribution: Fair Market Value of tickets = $20. They paid Jones, Jones, and Smith CPA firm $300 to prepare their 2022 tax returns. Joey incurred gambling losses of $2,000.