Assistance with tax form Homework

For this assessment, complete the following:

• Read the information provided in the scenario below.
• Use information and publications from IRS.gov and the other IRS resources linked in the Resources to determine itemized deductions for the Weavers for Schedule A, based on the scenario information.
• Add the information you determine to Schedule A.
• Submit Schedule A.

Scenario

• Jacob and Taylor Weaver, ages 45 and 42 respectively, are married and are filing jointly in 2016.
  • They have three children, Ashley, age 9; Patrick, age 6; and John, age 18.
  • Social Security numbers are: Jacob, 222-33-4444; Taylor, 555-66-7777; Ashley, 888-99-1234; Patrick, 789-56-4321; John, 123-45-6789.
• Jacob is self-employed as a contractor.
  • 2016 net income: $133,000.
  • Clients owe him a total of $53,000 for work completed in 2016.
  • 2016 estimated tax payments: $25,000.
• Taylor works part-time as a paralegal.
  • She earned $26,000 in 2016.
  • Federal income withholding: $2,350.
• Weavers paid $350 with their 2015 state tax return.
• Jacob and Taylor bought their first house in 2016.
  • Home mortgage interest: $7,246.
  • Property tax: $2,230.
• Charities: $4,500.
• $435 to rent a moving truck.
• $8,000 to put new siding on the house.
• $11,600 for child care expenses ($5,800 for each child).
  • It was paid to Lil Tigers Daycare, 1115 S. Garrison St., Muncie, IN 47305 (EIN 98-7654321).
• Taylor is a part-time student at Ball State University in Muncie.
  • She received a 1098-T indicating tuition and fees for 2016 in the amount of $6,011.
• Health insurance for the family, through Taylor's job, cost $6000 for all 12 months of 2016.
  • They paid deductibles and co-payments of $550.
  • Dental insurance for the family was $1200.
• Car insurance for the family car was $600.