Ash a is single and incurs the following expenses during 201
Ash a is single and incurs the following expenses during 2018 : mortgage interest $7,000 on her mortgage of $600,000, charitable giving of $2,500, state and local taxes of $4,000. And miscellaneous expenses of $3,000. What is the maximum deduction that Aashna can claim on her tax return? A $11,000 B $12,000 C $13,500 D $16,500
Solution
Correct option is C $13500
maximum deduction = mortgage interest + charitable giving + state and local taxes = $13500
