What is the total “For AGI” deductions? Paul Turner is single and has two children, Allen and Lee Ann, from his previous marriage. Allen lives with Paul and Paul provides more than half of his support. In the current year, Allen earned $300 of interest income and $5,000 working at a fast-food restaurant. Allen graduated from high-school in December 2019 and was not a registered student during 2020. Lee Ann lives with her mother, Wilma (Lee Ann lived with Wilma for all of the current year). Wilma provides more than half of Lee Ann's support. Paul pays “alimony” of $400 per month to Wilma pursuant to a divorce degree entered into in 2014. The payments are to continue until Lee Ann reaches age 18, when they will be reduced to $250. Paul uses the cash method of accounting and a calendar year for reporting. Paul's birthday is May 31, 1979. Allen's birthday is October 5, 2002. Lee Ann's birthday is December 1, 2006. Paul prefers to report any “kiddie tax” on his tax return. Alimony deduction One-half SE tax deduction
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What is the total “For AGI” deductions? |
Paul Turner is single and has two children, Allen and Lee Ann, from his previous marriage. Allen lives with Paul and Paul provides more than half of his support. In the current year, Allen earned $300 of interest income and $5,000 working at a fast-food restaurant. Allen graduated from high-school in December 2019 and was not a registered student during 2020. Lee Ann lives with her mother, Wilma (Lee Ann lived with Wilma for all of the current year). Wilma provides more than half of Lee Ann's support. Paul pays “alimony” of $400 per month to Wilma pursuant to a divorce degree entered into in 2014. The payments are to continue until Lee Ann reaches age 18, when they will be reduced to $250. Paul uses the cash method of accounting and a calendar year for reporting. Paul's birthday is May 31, 1979. Allen's birthday is October 5, 2002. Lee Ann's birthday is December 1, 2006. Paul prefers to report any “kiddie tax” on his tax return.
| Alimony deduction |
| One-half SE tax deduction |
| Total Deductions for AGI = |
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