Your client, age 24, is a student that works part-time at the college cafeteria earning $10,000, in 2018. This is her only income. Her medical expenses for the year total $3000. In 2018, she has a casualty loss of $3500 of apartment damage by a tornado (a federally declared a disaster area). Your client has contributed $2500 to a church. Her parents are advising her to contribute $1000 to the traditional IRA they have set up for her. What effect would the IRA contribution have on your clients itemized deductions?

Answer rating: 100% (QA)

Determine the itemized deductions The itemized deductions is the sum of chari... View the full answer