Mr. and Mrs. Davenport, ages 40 and 38, respectively, have three children, ages 3, 6, and 13. For 2019, they have adjusted gross income (AGI) of $65,000 and unreimbursed medical expenses of $6,750. The Davenports' claim for itemized deductions for medical expenses is:

Question

Mr. and Mrs. Davenport, ages 40 and 38, respectively, have three children, ages 3, 6, and 13. For 2019, they have adjusted gross income (AGI) of $65,000 and unreimbursed medical expenses of $6,750. The Davenports' claim for itemized deductions for medical expenses is:

Quizplus · Accepted Answer

For 2019, the IRS allows taxpayers to deduct the portion of their medical expenses that exceeds 10% of their adjusted gross income (AGI). The Davenports' AGI is $65,000, so 10% of that is $6,500. Their unreimbursed medical expenses are $6,750. The amount that exceeds 10% of their AGI is $6,750 - $6,500 = $250. However, the correct calculation for the deduction should consider the threshold correctly, and it seems there was a mistake in the calculation provided in the explanation. Given the options and the typical calculation method, none of the provided calculations directly align with the standard method (expenses - 10% of AGI), suggesting a possible misunderstanding in the initial explanation. The correct answer should reflect the amount of medical expenses that exceed 10% of the AGI, but given the options and the mistake in the explanation, the correct approach to find the deductible amount seems to have been misapplied. Reevaluating, the correct calculation for the deduction amount based on the standard IRS rule (expenses exceeding 10% of AGI) would indeed result in a specific deductible amount, but none of the provided options accurately reflect the straightforward calculation of $6,750 - $6,500 = $250, indicating a need to correct the explanation based on the standard IRS rules for medical expense deductions.

Mr and Mrs