Notes: in 2018 single taxpayers and married taxpayers who file separate returns can claim a $12,000...
Notes:
in 2018 single taxpayers and married taxpayers who file separate returns can claim a $12,000 standard deduction. Married couples filing jointly can claim an amount that's twice as large, $24,000, and taxpayers filing as "head of household" (single individuals with dependents) can claim a standard deduction of $18,000.
Question:
Paul and Sonja, who are married, reported 2018 itemized deductions of $13,200 and $400, respectively. Paul suggests that they file their Federal income tax returns separately- he will itemize his deductions from AGI, and she will claim the standard deduction.
a. Evaluate Paul's suggestion.
b. What should they do?
Homework Answers
a. Paul’s suggestion is not correct because Sonja is not eligible to use the standard deduction and she must itemize .
b. Both Paul and Sonja should take the standard deduction only.
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Add Answer to:
Notes:
in 2018 single taxpayers and married taxpayers who file separate
returns can claim a $12,000...
Paul and Sonja, who are married, had itemized deductions of $14,200 and $400, respectively, during 2018....
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30 2. Deductions. Donna and Brian are married and file a joint return and together have an Adjusted Gross Income of $180,000. Married filing jointly standard deduction is $24,400 for 2019. They own their home. They have the following itemized deductions: Should Donna and Brian itemize their deductions or use the standard deduction? Medical Bills and Health Insurance Real Estate Tax Interest expense State income taxes Miscellaneous deductions $18,250 $6,250 $5,250 $11,500 $3,575 Work:
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return.
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