Wells paid the following expenses during the year:
Premiums on an insurance policy against loss of earnings due to sickness or accident $ 3,000
Physical therapy after spinal surgery 2,000
Premium on an insurance policy that covers reimbursement for the cost of prescription drugs 500
In the current year, Wells recovered $1,500 of the $2,000 that she paid for physical therapy through insurance reimbursement from a group medical policy paid for by her employer. Disregarding the adjusted gross income percentage threshold, what amount could be claimed on Wells' current year income tax return for medical expenses?
a. $500
b. $4,000
c. $3,500
d. $1,000

Answer rating: 100% (QA)

Choice d is correct Medical expenses include physical therapy professional medical ... View the full answer