Question
For 2018, 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 2018, 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 2018. ______________________________ $_________ ______________________________ __________ ______________________________ __________ ______________________________ __________ ______________________________ __________ ______________________________ __________ ______________________________ __________
Total $_________ Less 7.5% of adjusted gross income __________ Medical deduction $_________
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