A. Will borrowed $185,000 as a home equity loan to add a garage to his primary residence. The primary residence had an original indebtedness acquisition amount of $350,000. In 2021, Will incurred $5,300 in interest expense on the home equity loan. How much can Will claim as mortgage interest on his itemized deductions in 2021?

B. On August 1, 2021, Tim and Kim donated $120,000 cash to Illinois State University, a qualified public charitable organization. As part of the donation, the University provided Tim and Kim skybox seating at Hancock Stadium for one year (a $20,000 value). Tim and Kim file married filing joint and reported $300,000 in adjusted gross income in 2021. How much in charitable donation is Tim and Kim entitled in 2021?