Question
Which of the following are below the line income tax deductions? 1. Medical expenses. 2. Alimony paid. 3. Moving expenses. 4. Tax preparation fees. 1
Which of the following are below the line income tax deductions? 1. Medical expenses. 2. Alimony paid. 3. Moving expenses. 4. Tax preparation fees.
1 and 3 |
1 and 4 |
1, 2, and 3 |
1, 2, 3, and 4 Andrea and Elliott are married and together they have AGI of $80,000. They have no dependents and they file a joint federal income tax return. Each pays $4,800 for medical insurance. During the year, they paid the following amounts for medical care, for which they were not reimbursed by insurance: Doctor and dentist bills and hospital expenses = $3,600 Prescription drugs = $800 Determine the deduction allowable for medical expenses paid during that year.
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