This year, Benjamin Hassell paid $16,800 of interest on a mortgage on his home (Benjamin borrowed $560,000 in 2015 to buy the residence and it is currently worth $896,000), $13,000 on a $162,500 home-equity loan on his home, and $10,950 of interest on a mortgage on his vacation home (loan of $365,000; home purchased for $465,000 in 2016; home is not rented out at any time). How much interest expense can Benjamin deduct as an itemized deduction? This year, Benjamin Hassell paid $16,800 of interest on a mortgage on his home (Benjamin borrowed $560,000 in 2015 to buy the residence and it is currently worth $896,000), $13,000 on a $162,500 home-equity loan on his home, and $10,950 of interest on a mortgage on his vacation home (loan of $365,000; home purchased for $465,000 in 2016; home is not rented out at any time). How much interest expense can Benjamin deduct as an itemized deduction