For medical expenses in 2016, our insurance was billed $11,938.79. We paid $3,617.27. Does that mean we spent more than $7,404?

Forum|Forum|7 years ago
June 3, 2019
1 reply
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Best answer by PeterM

No, the 10% of adjusted gross income floor has to be met before any medical expenses can be deducted.

If 10% of your adjusted gross income is $7,404 then your medical expenses have to exceed that amount before they are deductible. If your actual expenses are only $3,617.27 then you haven't reached the 10% floor yet.

PeterMAnswer

Level 7

No, the 10% of adjusted gross income floor has to be met before any medical expenses can be deducted.

For medical expenses in 2016, our insurance was billed $11,938.79. We paid $3,617.27. Does that mean we spent more than $7,404?

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