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What amount of itemized deductions the hansen may claim

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Question - For calendar year 2015, 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 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 taxes 15,000

Tax return preparation fees 1,200

What is the amount of itemized deductions the Hansen's may claim?

Reference no: EM132042100

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