Last year Henry borrowed $24,000 to help pay for his dependent daughter's college tuition. This year (in 2026) Henry paid $3,300 of interest on the loan. How much, if any, interest can Henry deduct if he files single with AGI of $88,300?

Chuck has AGI of $71,300 and has made the following payments:

Calculate the amount of taxes that Chuck can include with his itemized deductions. Enter as $XX,XXX

Jamison's gross tax liability is $7,300. Jamison had $2,325 of available credits and he had $4,200 of taxes withheld by his employer. What are Jamison's taxes due (or taxes refunded) with his tax return?

Bart, a single taxpayer, has recently retired. This year, he received $24,000 in pension payments and $5,000 of Social Security payments. What amount must Bart include in his gross income for the Social Security payments?

Larry recorded the following donations this year:

$570 cash to a family in need

$2,470 to a church

$570 cash to a political campaign

To the Salvation Army household items that originally cost $1,270 but are worth $470.

What is Larry's maximum allowable charitable contribution if his AGI is $74,000?

The income tax base for an individual tax return is:

This year Larry received the first payment from an annuity that promises to pay him $3,000 per month for the rest of his life. The IRS tables indicate that given Larry's age, he should expect to receive 310 monthly payments. The cost of the annuity to Larry was $620,000. How much of the first $3,000 payment should Larry include in gross income?

Desai and Lucy divorced in 2018. Lucy has custody of their child, Andrea, and under the divorce decree Desai pays Lucy $120,000 per year. The payments must be made in cash and will cease if Lucy dies or remarries. The payments drop to $100,000 per year once Andrea reaches the age of 18. How much of the payments should Lucy include in gross income this year?

Enter amount as required with $XXX,XXX no cents. 

Simone was awarded a scholarship to attend State Law School from Harris & Associates, Attorneys at Law. The scholarship pays Simone's tuition ($7,000 per semester), fees ($500 per semester), and provides a $4,500 per-semester stipend to pay for food and housing. In order to qualify for the stipend, Simone must work 10 hours per week at Harris & Associates during the term. How much of the scholarship is Simone required to include in gross income?

Enter format as $XX,XXX

Alex is 63 years old and retired. This year Alex won $212,200 in the state lottery. Alex also received $20,000 from an annuity he purchased eight years ago. He purchased the annuity, to be paid annually for 15 years, for $157,500. Alex received $10,000 in Social Security benefits for the year. Calculate Alex's gross income.

Show the total Gross Income as follows $XX,XXX as appropriate. No cents to be noted.