Linda, who is a head of household with one dependent, had AGI of $150,000 for 2012. She incurred the
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Linda, who is a head of household with one dependent, had AGI of $150,000 for 2012. She incurred the following expenses and losses during the year:Medical expenses before the 7.5%-of-AGI limitation: $20,000State and local income taxes: 4,500State sales tax: 1,300Real estate taxes: $4,000Home mortgage interest: $4,500Credit card interest: $1,000Charitable contributions: $5,000Casualty loss before 10% limitation (after $100 floor): $20,000Unreimbursed employee expenses subject to the 2%-of-AGI limitation: $5,000Calculate Linda’s total itemized deductions.
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