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In 2021, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGI of $27,254.
In 2021, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGI of $27,254. During the year they incurred the following expenses: Medical insurance premiums Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized Medical care lodging (two people, one night) Hospital bills Herbal supplements Dentist bills Prescription drugs and medicines Cosmetic surgery $1,200 400 140 2,500 75 240 360 400 In addition, they drove 100 miles for medical transportation, and their insurance company reimbursed them $450 for the above expenses. On the following segment of Schedule A of Form 1040, calculate the Murphy's medical expense deduction. If required, round any amount to the nearest dollar. Enter all amounts as positive numbers. Medical and Dental Expenses Caution. Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) 2 Enter amount from Form 1040 or 1040-SR, line 11..... 3 Multiply line 2 by 7.5% (0.075).. 4,800 X 2 27,254 3 2,044.05 X 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- 4 1,921.95 X
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