In 2014, David, age 65, had adjusted gross income of $31,000. During the year he paid the following medical expenses: What amount can David deduct as medical expenses (after the adjusted gross income limitation) in calculating his itemized deductions for 2014?

Question

Quizplus · Accepted Answer

In order to calculate the medical expense deduction, David must first reduce his total medical expenses by 10% of his adjusted gross income ($31,000 x 10% = $3,100). This leaves him with $1,175 in medical expenses. However, since David's itemized deductions do not exceed the standard deduction for his filing status, he will not be able to claim any deduction for medical expenses. Therefore, the correct answer is C ($0 remaining deductible medical expenses after the adjusted gross income limitation).

In 2014, David, Age 65, Had Adjusted Gross Income of $31,000