In: Accounting
In 2018, Ava, an employee, who files single, has AGI of $29,900 and incurred the following miscellaneous itemized deductions this year:
Union dues and work uniforms: $990
Home office expenses: $2,970
Unreimbursed employee expenses: $1,386
Gambling losses to the extent of gambling winnings: $1,150.
What is Ava’s total itemized deduction related to these items?
| Ava’s total itemized deduction | ||||
| Union dues and work uniforms | 990 | |||
| Home office expenses | 2,970 | |||
| Unreimbursed employee expenses | 1,386 | |||
| 5,346 | ||||
| Less : 2% of AGI (2% * 29,900) | 598 | |||
| 4,748 | ||||
| Add : Gambling losses | 1,150 | |||
| Total itemized deduction | 5,898 | |||
| Note : | Gambling losses are not eligible for deduction of 2% of AGI | |||