Based on the information available in the question, we can answer as follows:- (Medical expenses eligible to be deducted without consideration to the AGI floor)
Particulars | Expense per visit | No.of months | Total |
Trip expenses | 200 | 12 | 2,400 |
Prescription | 65 | 12 | 780 |
Tolls & Parking | 33 | 12 | 396 |
Eligible expenses | 3,576 |
Please let me know if you have any questions via comments and all the best :) !
What is the amount that could be deducted as a medical expense (ignoring the AGI floor)...
Harry and Hildi Hausman's AGI for the year is $144,130 and they have 3 children under 14. They have itemized deductions of 31,250. What is their final tax liability for 2019 after the child tax credit? What is the amount that could be deducted as a medical expense (ignoring the AGI floor) if Hulu drives to the John Hopkins Medical Center from Lancaster City for treatment for Parkinson’s disease each month in 2019? Hulu also pays $200 out of pocket...