Egor paid the following expenses in 2021: !$1,500 for insulin to control his Type 1 Diabetes !$5,500
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Question:
!"$1,500 for insulin to control his Type 1 Diabetes
!"$5,500 in medical insurance premiums for himself and his family (spouse and one dependent
child)
!"$500 in copayments for doctor's visits
!"$1,000 for his spouse's gym membership to improve her overall health
Egor drove 1,000 miles to attend the doctor's appointments.
What amount of medical expenses can Egor deduct as an itemized deduction in 2021 if his 2021 AGI is $75,000?
What amount of medical expenses can Egor deduct as an itemized deduction in 2021 if the insulin and copayments paid/reimbursed through funds Egor contributed to an HSA?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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