In 2013,David,age 65,had adjusted gross income of $30,000.During the year he paid the following medical expenses: $\begin{array}{lr}
\text { Frescription medicines } & \$ 200 \
\text { Doctors } & \$ 2,100 \
\text { Medical care insurance } & \$ 400 \
\text { Crutches for a broken leg } & \$ 100
\end{array}$ What amount can David deduct as medical expenses after the adjusted gross income limitation)in calculating his itemized deductions for 2013?

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Quizplus · Accepted Answer

For 2013, medical expenses are deductible to the extent they exceed 10% of AGI for those under 65, but since David is 65, the threshold is 7.5%. His AGI is $30,000, so 7.5% is $2,250. Total medical expenses are $2,800. Deductible amount is $2,800 - $2,250 = $550.

In 2013,David,age 65,had Adjusted Gross Income of $30,000 What Amount Can David Deduct as Medical Expenses After the He