For 2018, Perla, who is single and 55 years of age, had AGI of $60,000. During the
Question:
For 2018, Perla, who is single and 55 years of age, had AGI of $60,000. During the year, she incurred and paid the following medical costs:
Doctor and dentist fees ......................................... $3,350
Prescription medicines ............................................... 625
Medical care insurance premiums ........................... 380
(paid for with after tax funds)
Long-term care insurance premiums .................... 1,600
Hearing aid ................................................................... 150
What amount can Perla take as a medical expense deduction (after the AGI limitation) for her 2018 tax return?
a. $ 6,065.
b. $4,500.
c. $1,565.
d. $35.
Step by Step Answer:
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone