Tracy is single, with all w-2 income, and had an adjusted gross income of $37,000. tracy also has the following items: medical expenses $2,000 state income tax $1,850 interest expense (first mortgage) $3,040 interest expense (second mortgage) $1,200 real estate tax $700 interest expense—car loan $550 interest expense—credit card $125 gifts to charity $300 how much may tracy claim as itemized deductions?

Many things could be possible

Some disadvantages to leasing a car is that you are counting on someone to give you money every week or month depending on what you decided and if they don't have all of it well what if you needed that money now you as well have to pay not in full. a disadvantages to purchasing a new vehicle is if it is used then not all the time will absolutely everything work. its almost like a trail and era. although if it is a new car they will try to though all these specials and deals at you in your lease and it can be very overwhelming if you are not use to it.