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Magda Micale, a public school teacher with adjusted gross income of $10,000, paid the following items in 2018 for which she received no reimbursement: Initiation fee for membership in teachers' union $100 Dues to teachers' union 180 Voluntary unemployment benefit fund contributions to union-established fund 72 How much can Magda claim in 2018 as allowable miscellaneous deductions on Schedule A of Form 1040

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Answer:

$80

Explanation:

Magda's miscellaneous itemized deductions include the initiation fee for membership in the teachers' union and the dues to the teachers' union. The voluntary fund contribution is not deductible.

All miscellaneous deductions can be deducted as long as they exceed the 2% of AGI threshold, which in this case = $10,000 x 2% = $200

Total itemized deductions = $100 + $180 = $280 - 2% of AGI ($200) = $80

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