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Simpson, age 45, is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $50,000 and has incurred the
Simpson, age 45, is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $50,000 and has incurred the following medical expenses:
Dentist charges | $ | 900 |
Physician charges | 1,800 | |
Optical charges | 500 | |
Cost of eyeglasses | 300 | |
Hospital charges | 2,100 | |
Prescription drugs | 250 | |
Over-the-counter drugs | 450 | |
Medical insurance premiums (not through an exchange) | 775 | |
b. Suppose that Simpson was reimbursed for $250 of the physician's charges and $1,200 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
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