Roberto, age 50, has AGI of $112,000 for 2014. He has medical expenses of $12,800. How much of the medical expenses can Roberto deduct on his Schedule A for 2014?

Question

Quizplus · Accepted Answer

Roberto's medical expenses must exceed 10% of his AGI ($11,200) before he can deduct any amount. His expenses exceed this threshold by $1,600 ($12,800 - $11,200), so he can deduct $1,600 on his Schedule A.

Roberto, Age 50, Has AGI of $112,000 for 2014