Reference no: EM132540651
Question - Following expenses were paid during the current year by Lynda a single taxpayer:
Household and miscellaneous personal expenses 25000
Estimated current year federal income tax payment 3000
Fee paid to CPA for tax return preparation 800
Professional education courses required to maintain job skills 700
Membership dues to professional society associated with her employment 600
Contribution to national political party 1000
Realty taxes paid for personal residence 4000
Mortgage interest paid and secured by personal residence 10000
Contributions to qualified charity organization 2500
Premiums on life insurance policy 1000
The taxpayer had $8,800 in state income taxes withheld from her paychecks in the current year. Total AGI is $100.000 for the current year. Moreover, the allowance standard deduction for taxpayer is $7.000.
Instructions - What is the total amount of itemized deductions on her current year tax return, and what are the undetectable expenses? Justify all your answers.