A homeowner paid the following expenses in he current tax year:
Mortgage interest: $13,224
• Property taxes: $3,600
Lawn maintenance: $1,380
• Installed gutters and downspouts: $903
QUESTION: If the homeowner is in the 31% tax bracket, calculate the tax savings realized by itemizing allowable deductions.

Question

04-12-2022
Law

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A homeowner paid the following expenses in he current tax year:
Mortgage interest: $13,224
• Property taxes: $3,600
Lawn maintenance: $1,380
• Installed gutters and downspouts: $903
QUESTION: If the homeowner is in the 31% tax bracket, calculate the tax savings realized by itemizing allowable deductions.

Sagot :

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