Roland age 68 is single and his AGI is 20000 he had the foll
Roland, age 68 is single and his AGI is $20000. he had the following medical expenses. What amount can he deduct on a schedule A.
prescription drugs $50
dentist ($600) 200 paid in 2017
prescription eyeglasses $150
medical insurance $900
nonprescription drugs $100
hearing aid $700
Solution
Amount which can be deducted of the AGI, as per schedule A :
Prescription drugs $50
dentist on paid basis $200
medical insurance $900
Total deductions = $1150
Note :Itemized deductions under the Schedule A includes amounts paid for qualified:
1) Medical and dental expenses
2) Certain taxes paid
3) Mortgage interest
4) Gifts to charity
5) Casualty and theft losses
6) Miscellaneous deductions
