Wayne and Maria file a joint tax return on which they itemize their deductions and report AGI
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Wayne and Maria file a joint tax return on which they itemize their deductions and report AGI of $50,000. During the year they incurred $3,500 of medical expenses when Maria broke her leg. Furthermore, their dentist informed them that their daughter, Alicia, needs $3,000 of orthodontic work to correct her overbite. Wayne also needs a new pair of eyeglasses that will cost $300. What tax issues should Wayne and Maria consider?
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The primary tax issue is how Wayne and Maria can maximize their medical expense ...View the full answer
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Related Book For
Pearsons Federal Taxation 2023 Individuals
ISBN: 9780137700127
36th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse
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