5. For calendar year 2020 Matt and Lauren, ages 40 and 39, and both secondary school teachers, file a joint return reflecting AGI of $280,000. They incur the following expenditures:

Medical expenses (before the 7.5% of AGI limitation) $30,000

State and local income taxes 15,000

State sales tax 1,300

Real estate taxes on their home 13,000

Home mortgage interest 11,000

Automobile loan interest 750

Credit card interest 1,000

Charitable contributions 17,000

Casualty loss caused by an electrical fire in their home 30,000

Tax return preparation fee 1,200

Supplies for use in the classroom (not reimbursed) 500

Calculate their allowable itemized deductions for the year.