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Jon is a cash-basis taxpayer and has adjusted gross income of $40,000 in 2018. During the year he incurred and paid the following medical expenses.
Jon is a cash-basis taxpayer and has adjusted gross income of $40,000 in 2018. During the year he incurred and paid the following medical expenses. How much medical expense can he deduct as itemized deduction? Prescription drugs (not covered by insurance) $300 Health insurance premium $750 Doctor's fees (not covered by insurance) $2,500 Eyeglasses (not covered by insurance) $100 $0 because the total medical expense is not above AGI floor $550 $650 None of the above
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