If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction for her tax situation is $12,000. Tax Deductions Donations to church and other charities $6,180 Medical and dental expenses exceeding 10 percent of adjusted gross income 2,660 State income tax 4,820

Respuesta :

Answer:

To determine whether she should use schedule A or standard deduction, we should add qualifying itemized deductions and should compare total standard deduction .

Therefore, Total itemized deductions = Donations + Medical and dental expenses + State income + Job expenses

Substitution of given values

Total itemized deductions = $1,200 + $6,180 + $2,660 + $4,820

Total itemized deductions = $14,860

Conclusion: in this case total itemized deduction of $14,860 is more than standard deduction of $12000 . So, Lola Harper should use schedule A compared to standard deduction.