THOMAS AND VANESSA KILEY ARE MARRIED. THEY ALWAYS FILE A JOINT TAX RETURN. THEY HAVE TWO DEPENDENT CHILDREN. ONE CHILD IS AGE 12 AND THE OTHER CHILD IS AGE 18
FORM 1040 TAX YEAR 2018
THOMAS AND VANESSA KILEY ARE MARRIED. THEY ALWAYS FILE A JOINT TAX RETURN. THEY HAVE TWO DEPENDENT CHILDREN. ONE CHILD IS AGE 12 AND THE OTHER CHILD IS AGE 18.
INCOME: THOMAS SALARY 75,000 VANESSA SALARY 30,000 INTEREST INCOME FROM SANTANDER BANK 1,400 INTEREST INCOME FROM MUNICIPAL BONDS 3,500 QUALIFIED DIVIDEND INCOME 2,600 UNEMPLOYMENT COMPENSATION 12,000 10,000 THOMAS SOLD A PARCEL OF LAND HE PURCHASED 11 YEARS AGO THAT COST 21,000 17,000 2,000 EXPENSES: 5,000 FEDERAL INCOME TAXES WITHHELD FROM THEIR SALARIES 9,500 MEDICAL EXPENSES PAID 11,475 STATE INCOME TAXES PAID 3,500 MISCELLANEOUS ITEMIZED DEDUCTIONS 1,300 PROPERTY TAXES PAID 7,200 INTEREST PAID ON 350,000 MORTGAGE 14,500 CASH CHARITABLE DONATIONS 1,200 POLITICAL CONTRIBUTIONS 1,500 THOMAS AND VANESSA KILEY ARE MARRIED. THEY ALWAYS FILE A JOINT TAX RETURN. THEY HAVE TWO DEPENDENT CHILDREN. ONE CHILD IS AGE 12 AND THE OTHER CHILD IS AGE 18. VANESSA RECEIVED A GIFT FROM HER UNCLE FOR HER 40TH BIRTHDAY VANESSA CONTRIBUTED TO A TRADITIONAL IRA. SHE IS NOT COVERED BY A PENSION PLAN AT WORK. THOMAS RECEIVED REIMBURSEMENT FOR BUSINESS EXPENSES UNDER AN ACCOUNTABLE PLAN
8 years ago
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