When we file tax, which one that Bob and Jennifer cannot deduct. How much for total deduction?
Question:
When we file tax, which one that Bob and Jennifer cannot deduct. How much for total deduction?
Bob and Jennifer have given you a file containing the following receipts for expenditures during the year:
1.Medicine and drugs (net of insurance reimbursement) $ 376
2.Doctor and hospital bills (net of insurance reimbursement) 1,148
3.Medical insurance premiums withheld from Jennifer's paycheck
($110/month) 1,320
4.Penalty for underpayment of last year's state income tax 15
5.Real estate taxes on personal residence 4,762
6.Interest on home mortgage (paid to HomeState
Savings & Loan) 8,250
7.Interest on credit cards (consumer purchases) 595
8.Cash contribution to St. Matthew's church 13,080
9.Payroll deductions for Jennifer's contributions to United Way 150
10.Professional dues (Jennifer) 325
11.Professional subscriptions (Jennifer) 245
12.Tax prep fee for prior year, paid April 12, 2020 500