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For 2017, Betsy and Bob, ages 62 and 68, respectively, are married taxpayers who file a joint tax return with AGI of $50,000. During the
For 2017, Betsy and Bob, ages 62 and 68, respectively, are married taxpayers who file a joint tax return with AGI of $50,000. During the year they incurred the following expenses:
Medical insurance premiums | $3,200 |
Hospital bills (knee replacement for Bob) | $4,400 |
Hospital bills (face lift for Betsy) | $2,600 |
Doctor bills | $ 750 |
Dentist bills | $ 250 |
Prescription eyeglasses | $ 380 |
Acupuncture treatments (for Bob's knee pain prior to his operation) | $ 300 |
In addition, their insurance company reimbursed them $3,100 for the above expenses.
Using the format below, calculate Betsy and Bob's deduction for medical and dental expenses for 2017.
______________________________ | $_________ |
______________________________ | __________ |
______________________________ | __________ |
______________________________ | __________ |
______________________________ | __________ |
______________________________ | __________ |
______________________________ | __________ |
Total | $_________ |
Less 10% of adjusted gross income | __________ |
Medical deduction | $_________ |
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