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In 2024, Anna and Matt earn $420,000 of adjusted gross income and figure $50,000 of...

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Accounting

In 2024, Anna and Matt earn $420,000 of adjusted gross income and figure $50,000 of total itemized deductions on their Schedule A, comprised entirely of qualified home mortgage interest and gifts to charity. They are married and are filing jointly. Anna and Matt can deduct what amount of itemized deductions on their income tax return?

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