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Get your taxes done using TurboTax
Q1. 7.5% of which income? AGI? which line on 1040? AGI line 11
Q2. Lets say my AGI for 2021 is $1000000 (just as example, I don't make that much even in my dreams!) so my medical expense has to over $75000 to be eligible to deduct? correct
Q3. Lets say my medical expenses (made up number just as example) are $80000 and I can only deduct as itemized deduction $5000 ($80k - $75k)? correct
Q4. Then overall all itemized deductions has to over standard deduction to make used these medical expenses deduction? correct
‎April 19, 2022
8:58 PM