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or calendar year 2020, Stuart and Pamela Gibson file a joint return reflecting AGI of $386,300. Their itemized deductions are as follows: Note: All expenses

or calendar year 2020, Stuart and Pamela Gibson file a joint return reflecting AGI of $386,300. Their itemized deductions are as follows: Note: All expenses are before any applicable limitations, unless otherwise noted.

Casualty loss in a Federally declared disaster area after $100 floor (not covered by insurance) $51,400
Home mortgage interest (loan qualifies as acquisition indebtedness) 20,560
Credit card interest 1,028
Property taxes on home 15,420
Charitable contributions 28,270
State income tax 17,990
Tax return preparation fees 1,542

Round your final answers to the nearest whole dollar.

Calculate the amount of itemized deductions the Gibsons may claim for the year. $fill in the blank 1

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