Deductions- emily and paul are married and filed a joint, Ask an Expert

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Deductions:- Emily and Paul are married and filed a joint return for 2012. The standard deduction for their filing status is $11,900. They have the following itemized deductions:

Medical bills above the 7.5% limit	$400
Mortgage interest	3,500
State income taxes	1,500
Charitable contributions	250

Should Emily and Paul itemize their deductions or use the standard deduction?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92061104

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