In 2015, Margaret and John Murphy (both over age 65) are married taxpayers who file a joint
Question:
In 2015, Margaret and John Murphy (both over age 65) are married taxpayers who file a joint tax return with AGl of $26,500. During the year they incurred the following expenses:
Medical insurance premiums ................................................ $1,150
Premiums on an insurance policy that pays $100 per ..................... 300
day for each day Margaret is hospitalized
Medical care lodging (two people, one night) .............................. 65
Hospital bills .................................................................... 2,200
Doctor bills ...................................................................... 850
Dentist bills ..................................................................... 175
Prescription drugs and medicines ............................................. 340
Psychiatric care ................................................................. 310
In addition, they drove 78 miles for medical transportation, and their insurance company reimbursed them $900 for the above expenses. On the following segment of Schedule A of Form 1040, calculate the Murphy's medical expense deduction.
Step by Step Answer:
Income Tax Fundamentals 2016
ISBN: 9781337343527
34th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller