Assume the same facts as in Problem 24, except that the insurance company reimbursed Tom and Shannon
Question:
Assume the same facts as in Problem 24, except that the insurance company reimbursed Tom and Shannon $4,100 of their hospital and doctor's bills. Determine the medical expense deduction.
Problem 24,
In 2019 Tom and Shannon Shores, both age 40, filed a joint return and paid the following medical expenses:
In addition, they incurred the following medical expenses for Tom’s mother who is totally dependent upon and lives with Tom and Shannon:
They live 10 miles from the medical center and made 20 trips there for doctor office visits and hospital stays this year. Tom and Shannon’s adjusted gross income is $85,000. What is Tom and Shannon's medical expense deduction for this year?
Step by Step Answer:
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback