www.ExcelDataPro.

com
Itemized Deduction Calculator
AGI - Adjusted Gross Income $62,000
Particulars Amount
Medical Dental and Insurance:
Medical Expenses exceeding the 10% amount of your AGI $5,700
Dental Expenses exceeding the 10% amount of your AGI $600
Medical Insurance Premiums exceeding the 10% amount of your AGI $200
$6,500
Subtotal $300
Taxes:
State and Local Income Taxes $1,250
State and Local Sales Taxes $300
Real Estate Property Taxes $500
Personal Property Taxes (eg. Motor Vehicle registration fees) $100
Subtotal $2,150
Interests Paid or Received:
Home mortgage Interests $800
Interest paid on Investments. (eg. margin interest) $200
Student Loan Interest $250
Others $150
Subtotal $1,400
Charitable Expenses:
Gifts to charities and Churches etc $200
Donations in Cash to Charities and Churches etc $1,000
Subtotal $1,200
Miscellaneous:
Losses due to casualty or theft $0
Non-reimbursed Employee expenses by your employer $100
Fees paid for Tax Preparation $125
Gambling Losses to the extent of gambling winnings $1,000
Subtotal $1,225
Total Itemized Deductions =====> $6,275