In Year 5, an earthquake severely damaged Fred's home. The area was declared a federal disaster. Fred's home was valued at $210,000 before the earthquake but only $140,000 after the earthquake. The home's cost basis was $110,000 and it was not insured. Fred's adjusted gross income (AGI) was $90,000 in Year 5 and $180,000 in Year 4. Assume his marginal tax rate for the deduction was 22% in Year 5 and 32% in Year 4. What is the maximum tax benefit that Fred can derive from the casualty loss?