Question: Schedule A Itemized deductions form 2022 Need the lines and the amount that should be adding in the 2022 Schedule A Case Study Ron and
Schedule A Itemized deductions form 2022
Need the lines and the amount that should be adding in the 2022 Schedule A
Case Study
Ron and Sue Johnson are married with two children, Ed, age 10, and Joe, age 19. Joe is a full-time student at the state university. The Johnsons own their home and live in Arizona. Sue is a CPA and sings in her church choir. The AGI for the Johnsons is $100,000. The Johnsons incurred the expenses shown in the box below.
- Points in the amount of $3,000 paid on the loan for the home purchase.
- Medical insurance premiums totaling $1,000 per month.
- Student loan interest of $100 on a qualified higher education loan used to pay for Sue's college tuition.
- Homeowners insurance of $650 on personal residence.
- Alimony payments made by Ron to a former spouse (pre-2019 divorce agreement) totaling $10,000.
- Sue made a $2,500 Roth contribution.
- Ron made an $8,000 IRA contribution.
- Mortgage interest of $5,000.
- Casualty loss on car from a fire of $8,000.
- Church contributions of $4,000.
- Purchase of new automobile sales tax of $950.
- Income taxes paid to Arizona of $500.
- Mortgage insurance premiums totaling $2,300.
- Personal property taxes of $400.
- Real-estate taxes of $3,500.
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