South-western Federal Taxation 2018: Individual Income Taxes
South-western Federal Taxation 2018: Individual Income Taxes
41st Edition
ISBN: 9781337385886
Author: William H. Hoffman, James C. Young, William A. Raabe, David M. Maloney, Annette Nellen
Publisher: Cengage Learning
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Chapter 3, Problem 5DQ

In choosing between taking the standard deduction and itemizing deductions from AGI, what effect, if any, does each of the following have?

  1. a. The age of the taxpayer(s).
  2. b. The health (i.e., physical condition) of the taxpayer.
  3. c. Whether taxpayers rent or own their residence.
  4. d. Taxpayer’s filing status (e.g., single, married, filing jointly).
  5. e. Whether married taxpayers decide to file separate returns.
  6. f. The taxpayer’s uninsured personal residence was recently destroyed by a wildfire (the region was declared a disaster area by the Federal government).
  7. g. The number of dependents the taxpayer can claim.
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