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In 2022, Margaret and John Murphy (both over age 65) are married taxpayers who file a joint tax return with AGI of $27,507. During
In 2022, Margaret and John Murphy (both over age 65) are married taxpayers who file a joint tax return with AGI of $27,507. 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 $1,200 400 160 2,500 75 250 360 400 In addition, they drove 122 miles (all before June 30) for medical transportation, and their insurance company reimbursed them $500 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. Caution. Do not include expenses reimbursed or paid by others. Medical 1 Medical and dental expenses (see instructions). 1 4,885 X and Dental Expenses 2 Enter amount from Form 1040 or 1040-SR, line 11. . . . . 2 27,507 3 Multiply line 2 by 7.5% (0.075). 3 2,063 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- 2,322 X
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