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

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3 years ago

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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] · Answer 1 · 2022-01-06T18:13:12+03:00

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>