Question

In 2019, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGl of $26,100. During the year they incurred the following expenses:

Medical insurance premiums $1,300 Premiums on an insurance policy that pays $100 per    day for each day Margaret is hospitalized 400 Medical care lodging (two people, one night) 65 Hospital bills 2,100 Doctor bills 850 Dentist bills 200 Prescription drugs and medicines 340 Psychiatric care 350

In addition, they drove 80 miles for medical transportation, and their insurance company reimbursed them $800 for the above expenses. On the following segment of Schedule A of Form 1040, calculate the Murphy's medical expense deduction.

If required, round any amount to the nearest dollar. Enter all amounts as positive numbers.

		Caution. Do not include expenses reimbursed or paid by others.
Medical and Dental Expenses	1	Medical and dental expenses (see instructions) . . . . . . . . . . . . . .				1
	2	Enter amount from Form 1040 or 1040-SR, line 8b. . . . .	2
	3	Multiply line 2 by 10% (.10) . . . . . . . . . . . . . . . . . . . . . . . . . . . .				3
	4	Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . .							4

Answer 1

Answer

Medical and Dental Expense

Particulars	Amount	Amount2	Amount3
1. Medical and dental Expenses (Note 1)		$4,421
2. Enter Amount from form 1040,line 8b (Note -2)	$26,100
3.Multiply line 2 by 10 % (0.10)		$2,610
4.Subtract line 3 from line 1.if line 3 is more than line 1,enter -0			$1,811

Note 1 - Calculation of Medical and Dental Expenses is as follows -

Particulars	Amount
Medical insurance premium	$1,300
Medical care lodging	$65
Hospital bill	$2,100
Doctors bill	$850
Dentist bill	$200
Prescription drugs and medicines	$340
Psychiatry care	$350
Transportation cost (80 miles × 0.20 ) Standard mileage rate of medical expenses is 20 percents for 2019)	$16
Total	$5,221
Less :- Insurance Company Reimbursed	-$800
Medical and Dental Expenses	$4,421

Note 2- Amount from form 1040,line 8b

• Amount from form 1040,line 8b is AGl of $26,100