Seamus is employed as a corporate attorney. In 2019 he had AGI of $57,000 and paid the following medical expenses.

Medical insurance premiums (withheld on a pretax basis) $4,700

Doctor and dentist bills for Dave and Elaine (Seamus’ parents) $6,800

Doctor and dentist bills for Seamus $5,200

Prescription medicines for Seamus $ 400

Weight loss treatment related to obesity $ 600

Nonprescription insulin for Seamus $ 850

Low Dose Aspirin prescribed by Seamus’ doctor bought over the counter $ 225

Dave and Elaine would qualify as Seamus’ dependents except they file a join return. Seamus’ medical insurance policy does not cover them. Seamus does not expect to receive any reimbursements for the medical expenses identified in this list. Assuming Seamus has $8,000 of other eligible itemized deductions, what is Seamus’ tax benefit related to his maximum allowable medical expense deduction for 2019?

Answer rating: 100% (QA)

Allowable Medical Expenses for 2019 Medical insurance premiums 4700 is an allowed medical expense Do... View the full answer