Question
Determine the total amount that will qualify for itemized deduction by the taxpayer Raymond, a 66-year-old bachelor with AGI of $40,000, paid these medical-related costs
Determine the total amount that will qualify for itemized deduction by the taxpayer
Raymond, a 66-year-old bachelor with AGI of $40,000, paid these medical-related costs this year: $1,250 of Medicare premiums, $600 for dental insurance, $240 for prescription dark-tinted sun glasses, $120 for a subscription to a popular-press healthcare newsletter for senior citizens, $50 for two-day rental of a wheel chair, a surgeon's fee of $1,200, and hospital bills of $4,800 . Raymond's medical insurance, provided by his employer as a Medicare supplement reimbursed him $4,100 this year for the hospital and doctor's bills be paid.
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