Allan (77) and June (73) are retired, married filing jointly taxpayers who paid $9,483 in qualified medical and dental e...
Allan (77) and June (73) are retired, married filing jointly
taxpayers who paid $9,483 in qualified medical and dental expenses
in 2019.
Their AGI is $52,792. If they were to itemize on Schedule A (Form
1040), how much would their medical and dental expense
deduction be?
a) $4,204
b) $5,279
c) $5,524
d) $9,483
Homework Answers
a) $4,204.
Taxpayers paid $9,483 in qualified medical and dental expense in 2019.
As per provision of Tax law deduction claimed should be qualified amount paid excess of 10% of there AGI.
$52,792*10% = $5,279
Deduction allowed = $9,483-$5,279 = $4,204.
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