For calendar year 2016,Jon and Betty Hansen (ages 59 and 60)file a joint return reflecting AGI of $280,000.They incur the following expenditures:
Medical expenses before 10%-of-AGI floor
$30,000
Casualty loss (not covered by insurance)before statutory floors
30,000
Interest on home mortgage
10,000
Interest on credit cards
800
Property taxes on home
13,000
Charitable contributions
17,000
State income tax
15,000
Tax return preparation fees
1,200
What is the amount of itemized deductions the Hansens may claim?

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The Answer of For calendar year 2016,Jon and Betty Hansen (ages 59 and 60)file a joint return reflecting AGI of $280,000.They incur the following expenditures:
Medical expenses before 10%-of-AGI floor
$30,000
Casualty loss (not covered by insurance)before statutory floors
30,000
Interest on home mortgage
10,000
Interest on credit cards
800
Property taxes on home
13,000
Charitable contributions
17,000
State income tax
15,000
Tax return preparation fees
1,200
What is the amount of itemized deductions the Hansens may claim?

For Calendar Year 2016,Jon and Betty Hansen (Ages 59 and 60)file