For calendar year 2019, Stuart and Pamela Gibson file a joint return reflecting $350,000. Their itemized deductions are as follows:

Casualty loss in Federally declared disaster area after $100 floor (not covered by insurance............48,600

Home mortgage interest (loan qualifies as acquisition indebtedness) .................................................19,000

Credit Card interest...................................................................................................................................800

Property taxes on home.........................................................................................................................16,300

Charitable Contributions...........................................................................................................................28,700

State Income tax.....................................................................................................................................18,000

Tax return preparations fees......................................................................................................................1,200