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To calculate Faith's 2020 deduction, we need to determine whether it is better for her to take the standard deduction or to itemize her deductions.

Here are the given deductions for Faith:
- Medical expenses: $4,700
- Charitable contributions: $3,300
- Educational expenses: $4,900

Adding these itemized deductions together:
\[
4,700 + 3,300 + 4,900 = 12,900
\]

Faith can choose between the standard deduction of $12,400 (as she is filing as a single individual) or the total of her itemized deductions, which is $12,900.

Since $12,900 is greater than the standard deduction of $12,400, Faith should choose the itemized deduction of **$12,900**.

Would you like more details or have any other questions?

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Here are 5 related questions for further practice:
1. How do standard deductions differ for various filing statuses?
2. What are other types of expenses that can be itemized?
3. How do tax laws affect deductions in future years?
4. What happens if medical expenses are less than 7.5% of one's income?
5. How can charitable contributions impact your tax return?

**Tip:** Always compare the standard deduction with your total itemized deductions to choose the option that provides the highest benefit!

What is the amount of Faith's 2020 deduction?

Learn how to calculate Faith's 2020 tax deduction. The problem compares standard deductions ($12,400) with itemized deductions, including medical expenses ($4,700), charitable contributions ($3,300), and educational expenses ($4,900). This step-by-step solution is ideal for high school students learning about tax calculations.

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