"for calendar year 2019, stuart and pamela gibson file a joint return reflecting agi of $320,000. 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) $59,800 home mortgage interest (loan qualifies as acquisition indebtedness) 23,920 credit card interest 1,196 property taxes on home 17,940 charitable contributions 32,890 state income tax 20,930 tax return preparation fees 1,794"round your intermediate computations to nearest whole dollar.
the amount of itemized deductions the gibsons may claim for the year is $