Roberto, age 50, has AGI of $110,000 for 2018.He has medical expenses of $13,200.How much of the medical expenses can Roberto deduct on his Schedule A for 2018?

Question

Quizplus · Accepted Answer

Only medical expenses that exceed 7.5% of the taxpayer's AGI can be deducted. In this case, 7.5% of $110,000 is $8,250. Therefore, Roberto can deduct the amount of medical expenses that exceeds $8,250, which is $13,200 - $8,250 = $4,950.

Roberto, Age 50, Has AGI of $110,000 for 2018