Question
Harry and Sally are married and together they have an AGI of $60,000. They have no dependents, and they file a joint federal income tax
Harry and Sally are married and together they have an AGI of $60,000. They have no dependents, and they file a joint federal income tax return. Each pays $4,800 for medical insurance. The medical insurance is not paid via a reduction in taxable salary but paid directly to a 3rd party insurer. During the year, they paid the following amounts for medical care, for which they were not reimbursed by insurance: Doctor and dentist bills and hospital expenses = $3,600 Prescription drugs = $800 Determine the deduction allowable for medical expenses paid during the year (2021).
Answer Choices:
$0
$3,600
$4,500
$9,500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started