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Since the AGI thresholds differ for under and over age 65 dependents, how do I distinguish expenses for me vs. my dependent parent in TurboTax?
TurboTax does not ask me to whom the medical expenses apply.
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June 1, 2019
4:01 AM
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Get your taxes done using TurboTax
Under the Tax Reform Act, the number is 7.5% of AGI for all ages for 2017. However, the IRS has not yet updated Schedule A, so TT cannot do so yet.
But your point is a valid one.
June 1, 2019
4:01 AM
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Get your taxes done using TurboTax
If you are claiming expenses for a dependent then the rule is based on your age not theirs since this is your tax return not theirs.
Same would be true in reverse ... a 65+ person with a 40 year old dependent ... it is based on the primary taxpayer's age not the dependent's age.
Same would be true in reverse ... a 65+ person with a 40 year old dependent ... it is based on the primary taxpayer's age not the dependent's age.
June 1, 2019
4:01 AM