The deduction for medical expenses is limited to the amount of unreimbursed qualifying medical expenses paid during the year reduced by five percent of the taxpayer's AGI.10% (7.5% for taxpayer or spouse age 65 or older) of AGI is the floor limit.

Question

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The deduction for medical expenses is limited to the amount of unreimbursed qualifying medical expenses paid during the year reduced by 7.5% of the taxpayer's AGI, not five percent.

The Deduction for Medical Expenses Is Limited to the Amount