Which of the statements below is INCORRECT related to the deduction for medical expense? Taxpayers can deduct medical expenses incurred for the prevention of a disease. Taxpayers can deduct the cost of a guide-dog if the taxpayer or a dependent is legally blind. Taxpayers can only deduct qualified medical expenses that are below 7.5% of AGI. Taxpayers cannot deduct insurance premiums if paid with pretax income. QUESTION 2 Andrew works from his home. His office is 350 square feet. His profit from the business before considering the home office deduction is $1,630. How much can Andrew deduct and how much should he carryforward if he chooses to use the simplified method of determining his home office deduction? His deduction is limited to $1,630 and he cannot carryforward any amount. His deduction is limited to $1,630 and he can carryforward $120 to the following year. His deduction is $1,750 for the year. His deduction is limited to $1,500 and he can carryforward $250 to the following year. His deduction is limited to $1,500 and he cannot carryforward any amount