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Dubois-Itemized Deduction - YouTube
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hello welcome back in this video I'm
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going to show you how to enter an
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itemized deduction for a list dupois we
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enter all the income we need to enter
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the deduction
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i to my deduction click begin
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these are what are all the itemized
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deductions in here so the first one we
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need to enter is medical expenses and
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dental expenses we click begin
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and this other breakdown is highly
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recommend that you enter all the
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breakdown in case of it in case of an
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order so we just assume that the medical
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expenses pain to a doctor fifty four
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hundred and then click continue
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a man paying to the doctor of 5400 in
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here we could continue again the next
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one we're going to enter is the mortgage
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interest and expense it between home
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mortgage loans used to bill or buy
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improve home we click begin we said she
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used her home mortgage to to use her
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home mortgage loan to build or buy we
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click yes we click continue
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and then schedule 8 interest we clicked
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the mortgage interest reporter on form
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1098
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this is the form that the lender was
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sent to the taxpayer on a yearly basis
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will state taxes he has where state
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taxes also so a real estate taxes is
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$1,150
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and then in here it has add interest
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reported so we add the interest in here
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we don't have the Landis name which is
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create one city bank and the interest is
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56 Oh for 5,600 and all five 5605 then
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we click to continue we have entered the
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schedule a interest the mortgage
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interest we could continue in real
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estate taxes we have entered already we
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click the continue and we click continue
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in
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so taxes you paid for any other taxes
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you pay you click the edit in here
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we have already paying the mortgage the
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real estate taxes already so we need to
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add the stay and income tax that stay
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and income tax
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additional state and local income tax so
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3200
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you
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any other personal property tax we have
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entered Oh
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personal property tax we have not enter
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the personal property tax is seven
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hundred and twenty dollars
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continue real-estate taxes one does
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of the dollars personal property tax
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seven $720 they clicked a continue again
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okay so we have entered state income tax
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real estate property tax medical
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expenses charitable contribution is our
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next one if to charity click begin
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it has cash and non-cash soda blast Dave
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cash contribution we click the beginning
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on the cash contribution here and we
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just created a church for the charity
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charity name and the days which was
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makeup one July 17 2019 and she gave how
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much you give four hundred fifty dollars
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and we click continue continue again we
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have entered mortgage interest we click
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continue and the mortgage interest
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expense personal
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taxes we have entered gamble laws it was
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already enter on the income section and
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job hunting expenses it's non non tatata
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well for 2019 usually it is it would be
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under the miscellaneous deduction
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however in 2018 is not detectable
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anymore
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so job hunting expenses within the same
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perfection it's not deductible okay and
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unreimbursed and prohibition expands we
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don't have that so we click continue and
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the last that we need to do is health
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insurance
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did you purchase insurance of beardy
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healthcare.gov or stay marketplace she
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has health insurance through her
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employer so we click no
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and stay returned we technically click
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continue
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you
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here is a summary of her 1040 her income
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was forty eight thousand nine sixty five
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dollars nine hundred sixty five dollar
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forty-eight thousand and total income
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forty eight thousand nine sixty five
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standard deduction or item id doctor she
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has itemized deduction totaling in
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traversing a hundred fifty-three dollars
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if you want to see the whole return you
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need to click bill print return here
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and print your 2019 tax return
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let's go down w2 is in here
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and this page is her total in w2 income
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for eight thousand nine hundred
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sixty-five dollars item I deduction
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thousand eight fifty three and her AGI
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is thirty-six thousand one hundred and
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twelve dollars
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our tax is 4141 and she would get a
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refund or withholding her income tax
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withholding was
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five thousand forty three dollars was
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her income tax withholding and you need
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to pay four thousand one hundred forty
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one dollars so she would get a refund of
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nine hundred and two dollars thank you
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for watching
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