In: Accounting
Hugh, a self-employed individual, paid the following amounts during the year 2020:
Real estate tax on Texas residence $2,000
State income tax withheld 1,500
Additional state income tax paid when filing his 2019 tax return 600
Real estate tax on a rental property 2,000
State sales taxes 900
State motor vehicle tax (based on the value of personal use automobile) 400
Sidewalk special assessment 2,000
Federal income tax 5,000
Self-employment tax 1,000
Gambling loss (gambling winning is $100) 1,000
What is the maximum amount Hugh can claim as taxes in itemizing deductions from AGI?