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Craig incurred the following medical-related expenses in 2016: His share of company-provided health insurance premiums of $6,500 paid under an IRC 125 plan, out-of-pocket co-pays
Craig incurred the following medical-related expenses in 2016: His share of company-provided health insurance premiums of $6,500 paid under an IRC 125 plan, out-of-pocket co-pays of $175, $625 of prescriptions paid from his HSA, Cost of Fitbit and consultations with a personal trainer $975. What is Craigs medical deduction for 2016 (without consideration of 10% floor)?
$6,500 $6,675 $1,150 $175
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