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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