Malcolm and Megan Johnson are both over age 65, married and are filing a joint tax return for 2020. The joint Social Security is 644-47-7833. The couple has AGI of $ 28,108 for 2020 and provided the following information all which can be verified for 2020: Medical related expenses: Medical insurance premiums $ 1,200 Premiums in insurance policy that pays $100 per day for each day that Megan is hospitalized 400 Medical care and lodging 80 Hospital bills 2,200 Doctor bills 750 Dentist bills 240 Prescription drugs and medicines 360 Over-the-counter medicines 510 Marriage counseling 400 The couple drove 90 miles for medial transportation and their insurance reimbursed them $850 for the above expenses. Taxes related expenses: Megan’s employer withheld State income tax $ 3,400 Megan paid additional state income tax for 2019 600 Real estate taxes on home 2,100 Personal property taxes based on home value 130 State gasoline taxes 80 General sales tax for the year 1,200 Federal income taxes for 2020 3,200 Customs and excise taxes 1,100 Interest related expenses: Qualified interest on home mortgage $ 6,023 Auto interest loan 850 Student loan interest 900 “Points” on mortgage acquisition for personal home 360 Home equity loan interest to pay for college 500 Master Card interest 300 Charitable contributions: Cash to Methodist church $ 1,100 Cash to the Republican Party 490 Check to the American Red Cross 200 Fraternity college tickets to holiday party 100 Donated $400 furniture to Salvation Army with FMV 200 Megan bracelet (same FMV and adjusted basis) of $5,500 was stolen and she had no insurance. The couple car costing $ 18,000 was totaled and the insurance paid the FMV of $ 7,500 to the Johnson’s for the loss. Miscellaneous expenses: Union dues $ 244 Tax preparation fees 150 Brokerage fees to buy stocks 35 Uniform expenses not reimbursed by employer 315 Required: Complete Schedule A showing Johnson’s total itemized deduction for 2020
Malcolm and Megan Johnson are both over age 65, married and are filing a joint tax return for 2020. The joint Social Security is 644-47-7833. The couple has AGI of $ 28,108 for 2020 and provided the following information all which can be verified for 2020:
Medical related expenses:
Medical insurance premiums $ 1,200
Premiums in insurance policy that pays $100 per day
for each day that Megan is hospitalized 400
Medical care and lodging 80
Hospital bills 2,200
Doctor bills 750
Dentist bills 240
Prescription drugs and medicines 360
Over-the-counter medicines 510
Marriage counseling 400
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The couple drove 90 miles for medial transportation and their insurance reimbursed them $850 for the above expenses.
Taxes related expenses:
Megan’s employer withheld State income tax $ 3,400
Megan paid additional state income tax for 2019 600
Real estate taxes on home 2,100
Personal property taxes based on home value 130
State gasoline taxes 80
General sales tax for the year 1,200
Federal income taxes for 2020 3,200
Customs and excise taxes 1,100
Interest related expenses:
Qualified interest on home mortgage $ 6,023
Auto interest loan 850
Student loan interest 900
“Points” on mortgage acquisition for personal home 360
Home equity loan interest to pay for college 500
Master Card interest 300
Charitable contributions:
Cash to Methodist church $ 1,100
Cash to the Republican Party 490
Check to the American Red Cross 200
Fraternity college tickets to holiday party 100
Donated $400 furniture to Salvation Army with FMV 200
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Megan bracelet (same FMV and adjusted basis) of $5,500 was stolen and she had no insurance. The couple car costing $ 18,000 was totaled and the insurance paid the FMV of $ 7,500 to the Johnson’s for the loss.
Miscellaneous expenses:
Union dues $ 244
Tax preparation fees 150
Brokerage fees to buy stocks 35
Uniform expenses not reimbursed by employer 315
Required: Complete Schedule A showing Johnson’s total itemized deduction for 2020
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