How much may they claim for itemized deductions


Vera and Jake, a married couple with AGI of $321,000 for 2012, have $20,000 of mortgage interest, $8,000 of unreimbursed medical expenses, $4,000 of property taxes, and $9,000 of charitable contributions. How much may they claim for itemized deductions in 2012?

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Accounting Basics: How much may they claim for itemized deductions
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