Question

Itemized Deductions Reported in Schedule A or Mentioned IN Intake Form are:

a. Medical and dental expenses
b. Gifts to Charity
c. Interest on Mortgage
d. All of the above
e. Only a and c above.

Answer 1

The itemized deductions reported in Schedule A include medical and dental expenses, gifts to charity, and interest on mortgage, so the correct answer is 'd. All of the above'.

Step-by-step explanation:

The itemized deductions reported in Schedule A or mentioned in an intake form typically include various expenses a taxpayer is allowed to deduct from their adjusted gross income to determine taxable income. These deductions include:

• a. Medical and dental expenses - Out-of-pocket expenses for healthcare that exceed a certain percentage of the taxpayer's adjusted gross income.
• b. Gifts to charity - Donations made to qualifying charitable organizations that can be substantiated with proper documentation.
• c. Interest on Mortgage - Interest paid on a home mortgage up to certain limits.

The correct answer to the student's question is d. All of the above, as each of these categories can be itemized deductions.