What is Richard's maximum allowable medical expense deduction for 2020?

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter10: Individuals: Income, Deductions, And Credits
Section: Chapter Questions
Problem 19P
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Derrick and Jane would qualify as Richard's dependents except that the citizen test was failed.
Richard's medical insurance policy does not cover them. Richard filed a claim for $4,800 of his
own expenses with his insurance company in November 2020 and received the reimbursement in
January 2021. What is Richard's maximum allowable medical expense deduction for 2020?
(after the 7.5% floor)
$20,090
None of these
$9,380
$7,090
$10,340
Transcribed Image Text:Derrick and Jane would qualify as Richard's dependents except that the citizen test was failed. Richard's medical insurance policy does not cover them. Richard filed a claim for $4,800 of his own expenses with his insurance company in November 2020 and received the reimbursement in January 2021. What is Richard's maximum allowable medical expense deduction for 2020? (after the 7.5% floor) $20,090 None of these $9,380 $7,090 $10,340
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