_____ 20.The itemized deduction for medical expenses is subject to the phase-out applicable to total itemized deductions based on the taxpayer's AGI.

Question

Quizplus · Accepted Answer

Medical expenses are subject to a floor, not a phase-out, meaning only expenses exceeding a certain percentage of AGI can be deducted, but they are not reduced by overall AGI limits on itemized deductions.

_____ 20The Itemized Deduction for Medical Expenses Is Subject to the the Phase-Out