Richard, age 50, is employed as an actuary. For calendar year 2016, he had AGI of $130,000 and paid the following medical expenses:
Derrick and Jane would qualify as Richard's dependents except that they file a joint return. Richard's medical insurance policy does not cover them. Richard filed a claim for $4,800 of his own expenses with his insurance company in November 2016 and received the reimbursement in January 2017. What is Richard's maximum allowable medical expense deduction for 2016?
A) $0
B) $7,090
C) $13,000
D) $20,090
E) None of the above
Correct Answer:
Verified
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