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erastovalidia [21]
3 years ago
13

Mr. and Mrs. Nedage are filing a joint tax return. While listing their deductions, they find that they can deduct $2,150 from me

dical bills, $826 from state taxes, $3,133 from charitable donations, and $1,331 from interest on their mortgage. The standard deduction for married couples filing jointly is $8,350. How does the standard deduction compare to the Nedages’ deductions?
Social Studies
1 answer:
vovangra [49]3 years ago
7 0

Answer: the standard deduction is $ 910 better than the Nedages's deductions

Explanation:

Nedage's Deductions

Medical Bills                 $2,150

State Taxes                   $   826

Charitable Donations  $3,133

Interest in Mortgage    <u>$1,331</u>

Total Deductions           $7,440

Standard Deduction     $8,350

<u>Difference =  $8,350-$7,440 = $ 910</u>

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