Stevie Ray paid the following taxes during 2021: MI auto tags fee $...
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- Stevie Ray paid the following taxes during 2021:
MI auto tags fee $ 150
Federal income tax $ 20,000
State of MI income tax $ 14,000
MI Sales tax $ 6,000
Property tax on MI home $ 3,500
Stevie Ray had no activities that would allow for any deduction of taxes for AGI (above the line). Assuming Stevie Ray can itemize, what is his itemized deduction for taxes for 2021?
- Wanda is an employee of the Hammock Corporation. During 2021, Wanda incurred several expenses related to her employment that were not reimbursed by Hammock. These included $1,400 of travel, $200 for postage and supplies, and $150 of other incidentals. Assuming she can itemize, how much can Wanda deduct as miscellaneous itemized deductions subject to the 2% floor (ignore application of the floor)?
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