7.5 % of $66,042 is $4,953. Only medical expenses MORE that that are deductible , but only if you can otherwise itemize and all itemized deductions are more that the standard deduction which for Joint is $24,800.
Very few taxpayers can itemize anymore.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
