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Calculate jeff''s itemized deductions after considering

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Reference no: EM131758504

In 2016, Jeff, who is single, is entitled to the following deductions before phase-outs:

State income taxes $ 7,850
Real estate taxes 1,900
Home mortgage interest 8,200
Charitable contributions 1,700

a. Assume that Jeff's AGI is $280,000. Calculate Jeff's itemized deductions after considering the overall phase-out of itemized deductions.

b. Assume that Jeff's AGI increases to $1,280,000. Calculate Jeff's itemized deductions after considering the overall phase-out of itemized deductions.

Reference no: EM131758504

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