Question

Dante and Rosa, both under 65 and married, have a combined AGI of $45,000 in year...

Dante and Rosa, both under 65 and married, have a combined AGI of $45,000 in year 2018. Due to certain heart issues, Dante has been prescribed Lipitor by a physician. For year 2018, Dante spent a total of $3,100 on the medication and $750 on doctor’s bills.

Can Dante deduct the medical costs as an itemized deduction? Explain your answer. ( Medication and doctor's bill, both are deductible? )

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Hi

Let me know in case you face any issue:

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Rita and Carl Cambridge are both over age 65 and use the filing status married filing...
Rita and Carl Cambridge are both over age 65 and use the filing status married filing jointly. Their AGI is $211,008. Their total allowable itemized deductions are $22,908. How much should they deduct on their return for the standard deduction or itemized deductions? a) $24,000 b) $22,908 c) $26,600 d) $0, AGI is too high to itemize. (2018 tax year. Please explain how you came about your answer.)
George and Susan are married , ages 33 and 32 , and together have AGI OF...
George and Susan are married , ages 33 and 32 , and together have AGI OF 100,000 in 2020. They file a return . employed . They paid $ 8,000 for a high deductible family health insurance policy . During the year they paid 200 doctor and prescription medicine , and $ 200 on nonprescription medicines . Susan was injured in an auto accident in 2020 spent and dentis bills , $ 5,000 was spent on cosmetic surgery due to...
Ramon had AGI of $180,000 in 2018. He is considering making a charitable contribution this year...
Ramon had AGI of $180,000 in 2018. He is considering making a charitable contribution this year to the American Heart Association, a qualified charitable organization. Determine the current allowable charitable contribution deduction in each of the following independent situations, and indicate the treatment for any amount that is not deductible currently. a. A cash gift of $95,000. In the current year, Ramon may deduct $ 95,000 since his charitable contribution is limited to $ _________ c. A gift of a...
Matt and Carrie are married, have two children, and file a joint return. Their daughter Katie...
Matt and Carrie are married, have two children, and file a joint return. Their daughter Katie is 19 years old and is a full-time student at State University. During 2017, she completed her freshman year and one semester as a sophomore. Katie’s expenses while she was away at school during the year were as follows: Use Tax Rate Schedule for reference.     Tuition $ 5,020 Class fees 305 Books 505 Room and board 4,510 Katie received a half-tuition scholarship that...
Note: This problem is for the 2018 tax year. Alice J. and Bruce M. Byrd are...
Note: This problem is for the 2018 tax year. Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their Social Security numbers are 123-45-6789 and 111-11-1112, respectively. Alice's birthday is September 21, 1971, and Bruce's is June 27, 1970. They live at 473 Revere Avenue, Lowell, MA 01850. Alice is the office manager for Lowell Dental Clinic, 433 Broad Street, Lowell, MA 01850 (employer identification number 98-7654321). Bruce is the manager of a Super Burgers...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT