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Are these items deductible or not deductible? a. Deductible b. Not deductible ____state income taxes ____Interest on a 2018...

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Accounting

Are these items deductible or not deductible?

a. Deductible

b. Not deductible

____state income taxes

____Interest on a 2018 mortgage loan of $750,000

____Real estate taxes

____$67 in credit card interest

____$ 576 interest on a bank loan

____FICA withheld by employer

____federal gasoline tax

____federal excise tax

____loan fee for appraisal

____local income tax

____$500 to family physician (disregard limits)

____$2000 for long term care (disregard limits)

____$400 for eye glasses (disregard limits)

____$300 for maternity clothes

____$50 donation to your public library

____$250 donation to your church or mosque or synagogue

____$200 to a political party

____Personal property tax based on value of your property

____property tax you paid on your parent's property

____real estate taxes paid on your own property

Answer & Explanation Solved by verified expert
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Are these items deductible or not deductible a Deductible b Not deductible state income taxes Deductible Interest on a 2018 mortgage loan of 750000 Deductible Real estate taxes Deductible 67 in credit card interest Deductible if credit card is for business    See Answer
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