Calculate their medical expense deduction


A married husband and wife who file a joint tax return with AGI of $25,000 incurred the following documented expenses during the current tax year: Their insurance company reimbursed them $1,000. Hospitalization insurance premiums = $1,050; Psychiatric care = $300; Hospital bills = $2,200; doctor's bills = $850; Dentist bills = $175; Prescription Drugs = $340; Over-the-counter cough medication & bandages = $500; Meals of spouse while visiting the injured wife = $250. Calculate their medical expense deduction after the limitation as shown on Line 4 of Schedule A.

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Accounting Basics: Calculate their medical expense deduction
Reference No:- TGS047740

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