Lillian incurred $8,400 of deductible medical expenses during 2020. Her insurance company reimbursed her for $2,100...

 

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Lillian incurred $8,400 of deductible medical expenses during 2020. Her insurance company reimbursed her for $2,100 of these expenses. What is her deduction for medical expenses, after applying the floor, if her AGI for the year is $40,000? O $2,300 O $4,400 O $6,300 O $8,400 O $3,300 Lillian incurred $8,400 of deductible medical expenses during 2020. Her insurance company reimbursed her for $2,100 of these expenses. What is her deduction for medical expenses, after applying the floor, if her AGI for the year is $40,000? O $2,300 O $4,400 O $6,300 O $8,400 O $3,300

Answer rating: 100% (QA)

Medical costs are deductible only after they exceed 75 of your Adjusted Gross Income T... View the full answer