In 2015, Margaret and John Murphy (both over age 65) are married taxpayers who file a joint

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In 2015, Margaret and John Murphy (both over age 65) are married taxpayers who file a joint tax return with AGl of $26,500. During the year they incurred the following expenses:

Medical insurance premiums ................................................ $1,150

Premiums on an insurance policy that pays $100 per ..................... 300

day for each day Margaret is hospitalized

Medical care lodging (two people, one night) .............................. 65

Hospital bills .................................................................... 2,200

Doctor bills ...................................................................... 850

Dentist bills ..................................................................... 175

Prescription drugs and medicines ............................................. 340

Psychiatric care ................................................................. 310

In addition, they drove 78 miles for medical transportation, and their insurance company reimbursed them $900 for the above expenses. On the following segment of Schedule A of Form 1040, calculate the Murphy's medical expense deduction.

In 2015, Margaret and John Murphy (both over age 65)
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Income Tax Fundamentals 2016

ISBN: 9781337343527

34th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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