Question

Glenn's AGI is $34,000. He has $4,222 in medical and dental expenses. How much can he deduct on Schedule A

Answer 1

Answer:

He can only deduct $822.

Step-by-step explanation:

According to Income Tax Guide Line, amount deductible is $4222- (10%*34000). That us $822

Step-by-step explanation:

Answer 2

Glenn can deduct US$ 1,672 on Schedule A

Step-by-step explanation:

Let's recall that for 2019, medical and dental costs are deductible only after they exceed 7.5% of Glenn's Adjusted Gross Income (AGI).

So, in this case Glenn's AGI is US$ 34,000, therefore the first US$ 2,550 (US$34,000 x 0.075) of non reimbursed medical expenses doesn't count.

Now Glenn has:

Deductible expenses = Total expenses - (AGI * 0.075)

Replacing with the real values:

Deductible expenses = 4,222 - 2,550 = 1,672

Glenn can deduct US$ 1,672 on Schedule A