Question
Seamus is employed as a corporate attorney. In 2019 he had AGI of $57,000 and paid the following medical expenses. Medical insurance premiums (withheld on
Seamus is employed as a corporate attorney. In 2019 he had AGI of $57,000 and paid the following medical expenses.
Medical insurance premiums (withheld on a pretax basis) $4,700 Doctor and dentist bills for Dave and Elaine (Seamus parents) $6,800 Doctor and dentist bills for Seamus. $5,200 Prescription medicines for Seamus $400 Weight loss treatment related to obesity $600 Nonprescription insulin for Seamus $850 Low Dose Aspirin prescribed by Seamus doctor bought over the counter $225
Dave and Elaine would qualify as Seamus dependents except they file a join return. Seamus medical insurance policy does not cover them. Seamus does not expect to receive any reimbursements for the medical expenses identified in this list. Assuming Seamus has $8,000 of other eligible itemized deductions, what is Seamus tax benefit related to his maximum allowable medical expense deduction for 2019?
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