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A taxpayer gets hit really hard with a respiratory illness and has to take a lot of time off of work. They meet their deductible
A taxpayer gets hit really hard with a respiratory illness and has to take a lot of time off of work. They meet their deductible and then insurance pays the rest. When they're reconciling at the end of the year, they realize that they received $1,500 more than they are able to claim as valid medical expenses. What is the tax implication of these values?
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