Kelly is 28 years old and lives in California. This year 2019 tax year, Kelly bought a new auto for $20,000 plus 1,650 in state

Question

2 years ago

10

Kelly is 28 years old and lives in California. This year 2019 tax year, Kelly bought a new auto for $20,000 plus 1,650 in state

and local sales taxes. Besides this sales tax, Kelly also paid $8,260 in state income taxes mortgage interest of $5,500 (400,000 acquisition indebtedness on her residence). If Kelly files single with AGI of $56,000, what amount of itemized deductions will she be eligible to claim

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1 answer:

Trava [24] · Answer 1 · 2022-12-19T21:14:11+03:00

Trava [24]2 years ago

7 0

$8260 + $5500= 13,760 State income taxes, but not sales taxes,